Communications plays key role in mon policy - ECB

Communication policy plays a vital part in supporting the European Central Bank's (ECB) monetary policy by helping the central bank achieve its price stability goal and in assuring public acceptance of policy decisions, the ECB said in its report for February 2001. "The ECB's communication policy has a crucial role to play in supporting its monetary policy," the ECB said in a chapter devoted solely to that policy.

This is due to two factors: "First, effective communication can contribute to the

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