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Lord Roll Memorial Lecture: The Changing Relationship between the Central Banks and the Public-The Importance of Communication
Tuesday 18 November 2008 18:30 to 19:30
Location
Held at Chatham House
Participants
Jean-Claude Trichet, President, European Central Bank
Type: Members event
The last decade has seen a dramatic shift in the relationship between central banks, notably the ECB, and the public. Regular updates on monetary policy decisions and transparent reporting of inflation targets have replaced the secrecy of the past. The speaker will argue that a return to less effective ECB communication would risk higher, more volatile levels of long-term interest rates and potentially threaten the economy as a whole.
This meeting is held in association with the Daiwa Anglo-Japanese Foundation
Audio (mp3)
Video (flv)
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