the inflation expectations of experts. Our main results suggest that the NBU's statements and press releases on monetary … exchange rate changes. The impact of communication on FX developments is the strongest a week after the news release, and it … persists further. Furthermore, inflation expectations of financial experts, though indifferent to all NBU updates, turn out to …

identify the higher volatility of the rates as the signalling effect of monetary policy communication. This, we argue, suggests …This paper uses daily data for the period 2005-2011 to estimate the effects of monetary policy signals on the Nigeria … that central bank communications is potentially a viable tool of monetary policy implementation in Nigeria. The paper …