IMF stresses communication’s role in fostering stability
Neglecting its importance can lead to adverse reactions, such as misinterpretation of policies
The effective communication of policies related to the financial system can increase their effectiveness, reducing uncertainty, the International Monetary Fund says in a blog post.
The fund acknowledges that an increasing number of public agencies are disclosing information about their work and policies. For instance, the result of stress tests, asset quality reviews and financial stability reports are made public, and there is ample reporting on them by the press.
However, “there is often
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