How a central bank should say what it does...

This week, I spoke at a roundtable organised by the International Monetary Fund for central bank policymakers and key experts from the countries of Caucasus and Central Asia. It was an extremely valuable experience to take part in this opinion-exchange and experience-sharing event attended by central bankers from this crisis-hit region.

My talk was making a case in favour of more open communication about risks and uncertainties and on what central banks can and cannot do.

Here are the slides that I presented: