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Repenser la communication dans la politique monétaire : Vers une orientation stratégique pour la BCC
[Rethinking Communication in Monetary Policy: Towards a Strategic leaning for the BCC]

Author

Listed:
  • KIBADHI, Plante
  • PINSHI, Christian P.

Abstract

The ability of a central bank to influence the economy depends on its ability to manage the expectations of the general public and the financial system regarding the future development of macroeconomic indicators. The communication strategy (in this time of crisis and uncertainty) increases transparency, improves public understanding and support for the monetary policy and democratic accountability of the Central Bank of Congo (BCC), which serves to convergence towards the balance of expectations. This paper approves that a strategic communication orientation, focused on coherent messages, can help break down pessimistic expectations, maintain confidence, reduce the cost of the crisis and stabilize the economy. In conclusion, the article suggests a dozen recommendations, to be able to strengthen and redirect the BCC’s communication strategy and contribute to the effectiveness of monetary policy.

Suggested Citation

  • KIBADHI, Plante & PINSHI, Christian P., 2020. "Repenser la communication dans la politique monétaire : Vers une orientation stratégique pour la BCC [Rethinking Communication in Monetary Policy: Towards a Strategic leaning for the BCC]," MPRA Paper 101449, University Library of Munich, Germany, revised 01 Jul 2020.
    • Handle: RePEc:pra:mprapa:101449
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    References listed on IDEAS

    as
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    Cited by:

    1. Christian P Pinshi, 2022. "Ciblage des prévisions d'inflation : Un nouveau cadre pour la politique monétaire ?," Working Papers hal-03548273, HAL.
    2. PINSHI, Christian P., 2022. "Inflation-Forecast Targeting: A New Framework for Monetary Policy?," MPRA Paper 111709, University Library of Munich, Germany.

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    More about this item

    Keywords

    Communication; Monetary policy;

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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