With hindsight, researchers have confirmed empirically that where communication was used to guide expectations, monetary policy has indeed become more predictable.2 3 Researchers from the Bundesbank have recently re-examined the value of central bank communication.
Let me summarize the point that I have been trying to make: (i)  Problems of access and awareness in deepening financial inclusion and spreading financial literacy. (ii)  Problem in poor countries. Problem also in rich countries. (iii)  Perish stereotype views. (iv)  Easy to attribute it all to sociological and demographic factors.