Inflation is projected to be close to 3% by late 2017; going forward, as the temporary factors run their course, it will approach 4%
Monetary conditions lay the groundwork for inflation holding close to 4% and not constraining economic growth
Key rate decisions will be based on its assessment on the balance of risks for inflation significantly and persistently deviating in either direction from the target
Medium-term risks of inflation overshooting the target dominate over the risks of its persistent downward deviation
Number of factors bear the risk of inflation deviating from the target both upwards and downwards