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Heath Says Banxico Should Continue Improving Transparent Communication

MEXICO
  • The Bank of Mexico faces challenges to make its communications clearer, more concise and effective and it should push to improve transparency with the public, Banxico deputy governor Jonathan Heath wrote in a paper published on Tuesday. Key headlines:
    • Heath says the names of bank board members could appear next to their positions in monetary policy meetings.
    • As communication efforts advance, the public will have a better understanding of Banxico's decision making.
    • Says that will impact the formation of inflation expectations and the effectiveness of monetary policy.
    • Says Banxico could publish a calendar of public speaking appearances of board members.
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