Arango Thomas, Luis Eduardo; Pantoja, Javier; … - In: Latin American journal of central banking : LAJCB 4 (2023) 3, pp. 1-20
The Central Bank uses press releases after board meetings for at least three purposes: first, to justify policy … communications to alter inflation expectations. We find that, following the official mandate of the Central Bank, inflation and … expectations. Our results indicate that Colombia's Central Bank uses communications as a monetary policy tool and that this …