ECB `must communicate better'

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ECB `must communicate better'

THE EUROPEAN Central Bank must do a better job of communicating its policies to the public, according to the OECD The organisation says in a new report that improved communications would help to build support for the new institution among the European public It also advises the ECB to stress its message about the limits of what monetary policy can achieve, in order to resist political pressures to cut interest rates so that governments can avoid implementing much-needed economic reforms