This paper assesses the quality of the CBC's communication policy by looking at the predictability and effectiveness of … for the three major communication channels of the CBC: the release of policy meetings' statements, minutes, and monetary … monetary policy surprises associated with meeting statements and the impact of the above communication channels on asset …

; this means that the central bank may prefer to focus its communication policies on the information it knows most about …

methodology for the empirical evaluation of consistency in central bank communication. We find that the three communication tools …