Mongolia: Technical Assistance Report-Central Bank Communications

May 26, 2023

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Format: Chicago

Mongolia: Technical Assistance Report-Central Bank Communications, (USA: International Monetary Fund, 2023) accessed November 8, 2024

Summary

The report reviews the existing communication framework of Bank of Mongolia and identifies several areas where Bank of Mongolia could enhance the effectiveness of its communications. The analysis focuses on the assessment of the monetary and financial policy communications as well as the evaluation of the internal organization of the Bank of Mongolia’s communication function. The organizational arrangements are reviewed in terms of structure, resources, and procedures. The report also highlights the importance of establishing several pre-conditions for effective central bank communications, which include the presence of sound legal and normative frameworks particularly in relation to the mandate and independence of the central bank.

Subject: Economic sectors, Financial Sector, Financial sector policy and analysis, Financial sector stability, Inflation, Inflation targeting, International organization, Monetary policy, Monetary policy communication, Prices

Keywords: BOM arrangement, BOM communications, BOM department, BOM monetary policy communication, BOM staff, BOM stakeholder, BOM's view, Communications effort, Cross-authority Financial Stability Council, Financial sector, Financial sector stability, Flagship publication, Global, Inflation, Inflation targeting, Monetary policy communication, Policy action, Reaction function

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/183
Stock No:

1MNGEA2023001
ISBN:

9798400244117
ISSN:

1934-7685

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