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Simplifying Monetary Policy Communication

The RBI can learn from Sweden's central bank, the Sveriges Riksbank. The Riksbank has taken steps to simplify its communication by using plain language to explain its decisions. It has a YouTube channel to broadcast information and provides language coaching to employees. The goal is to de-jargonize communications and make them inclusive and accessible to households, media, employees and other groups to enable better scrutiny and evaluation of its policies.

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Arnab Chatterjee
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62 views1 page

Simplifying Monetary Policy Communication

The RBI can learn from Sweden's central bank, the Sveriges Riksbank. The Riksbank has taken steps to simplify its communication by using plain language to explain its decisions. It has a YouTube channel to broadcast information and provides language coaching to employees. The goal is to de-jargonize communications and make them inclusive and accessible to households, media, employees and other groups to enable better scrutiny and evaluation of its policies.

Uploaded by

Arnab Chatterjee
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Monetary policy in simple prose

By Anil Sasi

The RBI can learn a lesson or two from its Swedish counterpart, which has
bagged an award for lucid, accessible communication.

Sweden's central bank, the Sveriges Riksbank, in a series of path-breaking steps towards opening up its
communication lines, recently announced plans to have its own You Tube channel. Broadcasts have
been made available for viewing on the Riksbank's YouTube channel since July 8. Sweden's central bank
has been on the forefront of simplifying communication by using plain and simple language to explain its
decisions. Providing language coaching and organizing seminars on plain language, have made Swedish
central bank apart. Trying to de-jargonize communications at large to make it as inclusive as possible to
enable scrutiny and evaluation. By the target groups like households, the media and its own employees,
along with members of the Riksdag, government agencies, companies and banks. A great step in
breaking the ice with the general population.

RE-PRESENTED BY:

ARNAB CHATTERJEE. (19008)

RAJIV KUMAR. (19028)

RANJIT BASU. (19029)

SRIKRISHNA VEMULAPALLI. (19040)

BUSINESS LINE, MONDAY, NOV. 8,2010 PAGE: 1 MACRO ECONOMICS ASSIGNMENT

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