IMF recommends improved central bank communication in Latin America
The International Monetary Fund recommends Latin American central banks further improve the communication of their policies and the transparency with which they implement them.
“The private sector’s expectation formation process, including the degree of volatility in these expectations, is strongly influenced by the perceived credibility of a central bank policy action,” the IMF says in the regional economic outlook. “Transparency provides the public with a better understanding of the central
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