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The NBU’s Volodymyr Lepushynskyi clarifies the value of transparent comms in keeping trust fund and handling expectations
Former Federal Get System chair Ben Bernanke has spoken about the importance of communications in financial policy, saying: “Monetary plan is 98 % talk and 2 % action”. With the considerable surge in uncertainty that began with the Covid- 19 situation and intensified after Russia’s full-blown invasion of Ukraine in 2022, Bernanke’s observation has actually come to be much more pertinent. Today, few would suggest that interactions are not a vital device for central banks to maintain control over assumptions and
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