RBI's Mohan on communications in central banks

In the speech 'Communications in central banks: A perspective' given on 9 September Rakesh Mohan of the Reserve Bank of India said central bank communication has come a long way. From the secretive central bankers, allegations are now made that they are talking too much.

"A look at the communication policy of the central banks in advanced countries brings out two important features. Many of the central banks have a monetary policy committee with some form or the other, and many of them have an

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