Latin American central banks should communicate about monetary policy decisions in a simpler and clearer way, a blog post published by the International Monetary Fund says.

Yan Carrière-Swallow, Etibar Jafarov, and Juan Yépez conclude this would improve policy transmission to market inflation expectations. The authors build on research from the IMF’s most recent Regional Economic Outlook for the Western Hemisphere.

“There has been a push across the region’s central banks to increase the level