Bank of Canada says clear communication on inflation must be made – newspaper

(Reuters) – Bank Canada Senior Lieutenant Governor Caroline Rogers (New York Stock Exchange) Exchange code: 200ROG)), The Globe and Mail reported late Friday that the current period of high inflation has made the central bank struggle to communicate clearly and succinctly. For years, the Bank of Canada has been working to simplify its public communications, releasing videos and layoffs of monetary policy. “The best way to keep Canadians’ inflation expectations low is to get inflation back on target,” Rogers told The Globe and Mail. “But at the same time, we think the more Canadians understand what we’re doing and why we’re doing it, the more trust they’ll have in Canadian banks.”