Communication
Better communication boosted monetary policy effectiveness in Indonesia
Concise press releases and issuing maturities beyond one month would further improve it, says study
Weidmann to testify quarterly in parliament to explain ECB policy
Measure follows constitutional court ruling requiring ECB to demonstrate proportionality of government bond purchases
US citizens think Fed’s communication strategy needs adapting – Fed report
“Fed Listen” events revealed a lack of understanding about inflation targeting, report shows
Central bank museums grapple with lockdown
Money museums moved online to keep communicating during Covid-19 lockdown
BoE paper: narratives can help overcome ‘radical uncertainty’
Speaking directly to the public can improve analysis and communication of policy, authors find
Debts, deficits, central banks and inflation
What insights can history provide for central banks hit by large rises in government debt?
Amplifying the soundwaves: the evolution of social media communications
Central bank social media usage is on the rise, with choice of platform is shifting towards the visual
FOMC discusses communication ‘escape clauses’
Fed might need “leeway” to deal with financial instability, some FOMC members say
Bank of Mexico revamps policy communication
Board members allowed to express individual opinions and voting included in policy statements
Book notes: The long journey of central bank communication, by Otmar Issing
This book is a “masterly exposition on central bank communication, its evolution and continuing challenges”
BoE paper: simple communication can backfire
Success of communication is not measured by number of people reached, paper states
Chile’s central bank publishes historical meeting minutes
Historical minutes have been digitised in a move to improve transparency and accountability
BoE probes press conference audio feed leak
FCA investigates alleged leak of backup feed to third parties before main broadcast
RBA considered cut at latest meeting – minutes
Case was made for monetary easing, but board decided to adopt ‘wait-and-see approach’
Central banks turn to Instagram to reach younger generations
Audiovisual social media network is helping some central banks offer financial education for millennials and Gen Zs
BoE redesigns inflation report
New design intended to give MPC more flexibility in emphasising changing circumstances
Bank of Israel’s communication more accessible than Fed’s and ECB’s – research
In August, the central bank issued a special statement correcting forward guidance on lower inflation
Communication has to be two-way – ECB’s de Guindos
Communicating with markets influences behaviour, affecting signals received in return, says vice-president
Powell treads cautious line in Jackson Hole remarks
Chairman gives few clues to future policy; Trump appears unimpressed with the address
San Fran Fed’s Daly plays down recession fears
But there are still problems in labour market, president says in online Q&A
The Fed’s trade policy dilemma
FOMC should loosen, but members must speak out more forcefully against tariffs
Trump says Powell ‘let us down’
US president calls for looser policy and criticises Fed as Powell gives no clues on future path
UK households may be too wary on inflation – BoE’s Tenreyro
External MPC member says low financial literacy may affect inflation perceptions
BoE’s education programme taking off in UK schools, Broadbent says
More than a third of UK secondary schools have signed up to BoE’s education programme