By repeating our fundamental messages about the framework we use to conduct policy and about our policy goals and why they are important, we are increasing the odds that these messages will take hold in the public consciousness and resonate in shaping behaviour.
Through all our communications, we are providing the opportunity for public critique of our economic analysis, by economists, financial market players, journalists and reporters, politicians, and the public more broadly. This is constructive. Engaging the public in the issues is important in broadening awareness and understanding of monetary policy. Let me be a little more specific about this.