My interest in sharing with you the dilemmas and challenges we face in our communication has been to convey to you how we carefully weigh the various policy options and how, once we have made a policy choice, deliberate on what to say and how to say it. The Reserve Bank takes its communication role seriously.
It is our continuing endeavour to communicate in a clear manner so as to minimize scope for misinterpretation; in an effective manner so that the diverse target groups get the relevant information and message; in an honest manner such that we explain the known knowns and indicate the known unknowns; and in a consistent manner such that people can link our policies and action to past trends and future projections.