Malaysian deputy backs ‘constructive ambiguity’ in comms
Advises other central bankers on setting macro-prudential policy
One of Bank Negara Malaysia's deputy governors, Muhammad bin Ibrahim, shared the "five broad principles" underpinning the central bank's macro-prudential policies last week – noting the place for "constructive ambiguity" in its communications.
Speaking to other central bankers at a meeting of the Organisation of Islamic Cooperation Member Countries, Ibrahim stressed the "crucial" need for effective communication.
This means honouring the "4Cs" – messages must be clear, concise, consistent and
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