In such an uncertain environment, it is vital that the EM CBs continue to ensure that their monetary policy decisions contribute to the orderly normalization of the financial conditions in their economies. Sure, a prudent and data-driven approach, mindful of policy tradeoffs, is necessary.
Some of the recent initiatives in this direction include; acquisition of a Web Content Management System with broad functionalities to enhance interactivity and navigation; participation in public education initiatives and awareness campaigns through involvement in trade fares such as ASK Shows; improvement in the quality of Central Bank publications; and improved mechanisms for handling media & public inquiries.