Communication
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
Carney sees storm clouds gathering over global economy
The “portents are worrying”, BoE governor says, but worst of the impact may pass UK by
Riksbank cuts number of monetary policy meetings
Swedish central bank aims to optimise research and forecasting resources
Central banks cannot fight a populist Tweet storm – panel
Populist leaders such as Donald Trump comfortably outgun central banks on social media
RBA signals new rate cut ‘more likely than not’
Labour market will be key factor in any future easing of monetary policy
Bank of Jamaica expands global audience with latest reggae hit
Comms director says global success is pleasing but reaching local people is the ultimate goal
IMF paper urges central banks to seek wider audience
Central banks could do more to broaden their message, senior official says
Haldane outlines vision of locally-modelled economies
BoE chief economist backs Raghuram Rajan’s idea of a revival of communities