Communication
Central banks should not give impression of ‘complete foresight’
Bank of Canada officials say central banks should aim for understanding, not perfect alignment of views
Forward guidance essential in times of stress – Fed’s Evans
Chicago Fed president says central banks should plan for “inevitable” future scenarios now
Communication key to convey policies and objectives to public, central bankers say
Yellen, Draghi, Kuroda and Carney reflect on reaction of markets and public to policy communication
RBA looking to handle uncertainty better, says Debelle
Deputy governor speaks on the uncertainties in forecasting
More communication may hamper monetary policy, paper says
Independence and bigger MPCs may convey confusing messages and provoke forecast errors
Central banks should take transparency further, economist argues
Dissenting MPC members can hide behind vagueness and “verbiage”, says Tony Yates
Banks ‘still groping toward’ macro-pru transparency – Eichengreen
Transparency levels getting better, but New Zealand and Argentina could make improvements
Eichengreen supports calls for FOMC to hold more press conferences
Consistency of form around Fed monetary policy meetings “makes sense”
Chile puts board members in spotlight with decision-making overhaul
Changes aim to make communication more transparent while aligning central bank with international best practice
Bank of Canada rebuts ‘epic fail’ communication claim
Central bank’s head of comms rejects criticism from Bank of Montreal
Better information bolsters policy pass-through – BoE paper
Publishing forecasts can influence potency of monetary policy, study finds
Riksbank’s deputy argues for changes to monetary policy regime
Mulled changes would remove distortions, analysts say
RBI launches economics blog
“Mint Street Memos” comprise brief reports and analysis from RBI economists
BoJ faces growing communications challenge
BoJ embarks on third attempt at unlimited fixed-rate outright JGB purchases
St Louis’s Bullard on the future of the Fed and its monetary policy record
President James Bullard says Fed monetary policy was a “factor” that fuelled crisis
FSB turns to video in effort to widen comms reach
“Safer, simpler, fairer” video seeks to broaden communications effort to a less specialised audience
Inflation data causes rift in FOMC
Fed officials discuss whether incoming low inflation data is “transitory” or sign of worrying things to come
Bond sell-off slows as markets digest central bank comments
Upbeat comments from ECB and BoE chiefs trigger brief tantrum
Carney comments lead to sterling wobbles
Pound leaps as markets interpret comments as sign Bank of England governor is contemplating rate hike later this year
BoJ told to improve communication on potential exit from stimulus
Speculation is growing over the timing and method of the exit from the stimulus programme
RBNZ’s Hannah: central bank is working to close trust gap
Survey in 2014 linked poor public understanding of central bank’s work with low trust
BoJ’s Iwata says expectations likely to shift as inflation returns
Deputy says people will likely become more forward-looking when their wages are eroded by inflation
Bank of Canada prepares to open redesigned museum
Museum set to reopen in July after “complete reimagining”
Riksbank claims rate forecast success, despite inaccuracies
Study of 10 years of repo rate forecasting concludes it is useful tool for setting and communicating policy