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16.05.2023

ECB's Governing Council member Makhlouf: Central banks need to do more in terms of thinking about the audience they're talking to

European Central Bank's Governing Council member Gabriel Makhlouf said on Tuesday that he thinks that central banks have lost a degree of trust. He added that affects what the rate-setters should be doing with their decision-making. According to Makhlouf, they should be explaining it to more people, and need to do more in terms of thinking about the audience they're talking to. 

In addition, he said the central banks need to be explaining what they're seeing and why they're making the judgments they are, and they need to talk to people and communities in a language they can understand. 

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