TIISETSO MOTSOENENG: A recipe for confusion or clarity? The myth of too much information
IMF says MPC members could boost public understanding instead of stifling meaningful debate
Can there ever be too much information? The Reserve Bank seems to think so. (https://www.businesslive.co.za/bd/economy/2025-01-08-imf-says-reserve-bank-is-a-model-of-transparency-but-must-do-more/) But, in truth, in an era in which we can find out what our neighbour had for breakfast via social media, the idea that more critical and substantial information could be problematic is puzzling.
To be sure, the Bank’s monetary policy framework — a toolbox for managing the economy via money supply and interest rates — is comprehensive and transparent. Since late 1999, when the central bank decided to honour us with its first monetary policy statement, nearly 80 years after its establishment, it has outdone itself in the communication department...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.