Rato promotes central bank communication

IMF Managing Director Rodrigo Rato told a European Banking Congress in Frankfurt on Friday 18 November that central banks should communicate their monetary policy plans clearly to avoid disruptive shocks to financial markets.

"But as monetary authorities focus on holding down inflationary expectations, it is particularly important that they give clear signals of their intentions to avoid unnecessary volatility in financial markets," Rato said in a speech.

In his speech before the banking congre

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