STAFF NEWS & ANALYSIS

Central Banks Take to Social Media for an Image Boost, But Isn’t It Too Late?

By Daily Bell Staff – August 04, 2016

Social Media Blitz Has Russians Asking: What’s a Central Bank?  …  Bank of Russia expanding its reach by turning to social media Inflation expectations remain high despite slower price growth … Here’s what Governor Elvira Nabiullina’s latest quest to uproot high inflation expectations is up against: most Russians don’t know what a central bank is, and the price growth many of them actually face is at least double what the statisticians are reporting. -Bloomberg

This Bloomberg article describes how the Russian central bank is using “social media” to explain central bank manipulations and then gives us a rundown on what other central banks are doing.

Finally, some eight years after the start of this latest global, quasi depression, central