While a number of prominent central banks including the European Central Bank, Bank of England and Bank of Japan have adopted price stability as the single objective of monetary policy, the Federal Reserve of the US continues to pursue multiple objectives of monetary policy, viz., a) maximum employment, b) stable prices, and c) moderate long-term interest rates.
Communication  also  entails  proper  identification  of  spokespersons for the policy setting institution and matters 10  on w hich they are responsible. A proper arrangement in this regard, promotes credibility and effectiveness of policy communication.