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OPTIMAL COMMUNICATION IS GOLD STANDARD FOR ALL CENTRAL BANKERS: RBI
The Business Guardian
|November 24, 2024
Optimal communication is the gold standard for all central bankers, said Reserve Bank of India's Deputy Governor, Michael Debabrata Patra on Friday.
Speaking at the 'High-Level Policy Conference of Central Banks in the Global South' organised by the RBI on its 90th year in Mumbai, Patra emphasised the importance of effective communication in monetary policy.
Underscoring the delicate balance between transparency and discretion, he said, "The optimal level of communication remains the gold standard for all central bankers - too much can create a "signal extraction problem" while too little can keep the markets guessing."
This story is from the November 24, 2024 edition of The Business Guardian.
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