These are in addition to various other forms of communication – regular or ad hoc, and formal or informal. Central bank communication is generally perceived as synonymous with pronouncements on monetary policy. In fact, a central bank’s dilemma is more pronounced with regard to communication of supervisory issues.
On supervisory matters, the central bank communicates to the common person and does not confine necessarily to a specialized audience like financial markets or financial institutions. These market players with knowledge and skills can absorb such communication in the right spirit though they may have specific business interests.