Transparency is essential for financial stability – Georgia’s Gvenetadze
But it is still possible to be “too transparent”, governor warns
Strong communication and openness from the central bank are key ingredients in a successful financial stability policy, Koba Gvenetadze said today (June 14).
The National Bank of Georgia governor said transparency plays several roles – helping people to understand macro-prudential policy, forming expectations, fostering an understanding of risks and providing the basis for accountability.
Under Gvenetadze, who took office in 2016, the NBG has overhauled its communications. The central bank
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