Better communication boosted monetary policy effectiveness in Indonesia
Concise press releases and issuing maturities beyond one month would further improve it, says study
Better monetary policy communication improved the effectiveness of Bank Indonesia’s (BI) policies, says research published by the International Monetary Fund.
However, more concise press releases and deeper financial markets would help to further improve the South-east Asian central bank’s policy-making.
The study researches policy communication’s impacts on financial markets in Indonesia, analysing policy press releases and reports. “Monetary policy transparency has improved over time, in
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