Transparency is a key feature of the inflation targeting strategy. Transparency implies communicating to the general public the monetary policy objectives and decisions (including the rationale behind such decisions), as well as the inflation outlook and the associated risks and uncertainties. Transparent communication facilitates public assessment of monetary policy performance, thus contributing to enhanced central bank accountability.

The Inflation Report is the NBR's main communication tool amid the current monetary policy strategy. Published on a quarterly basis (starting August 2005), the Inflation Report consists of five main sections:

1. assessment of current economic developments;
2. rationale behind the monetary policy decisions in the reviewed period; 
3. NBR projection on inflation rate developments on an eight-quarter time horizon;
4. uncertainties and risks associated with the projection; 
5. implications of the context on the future stance of monetary policy.