Central banks must communicate with care

While their abandonment of mystique and secrecy is to be commended, central banks' must recognise that more communication is not always better, research published by the International Monetary Fund states.

As more information is conveyed by central banks and understood by the public, the benefits of increased communication have to be weighed against the growing risk that they will act as a source of distraction. There may be costs as well as benefits to publishing ever increasing amounts of

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