The Federal Reserve remains the major central bank with the best communication practices, a new survey showed, but a detailed look at the results signals headwinds.
The Bank of England ranked second in Barclays' fourth 'Survey of Central Bank Communication', followed by the Bank of Japan and the European Central Bank, respectively. Each maintained its position from the 2013 survey.
While the Fed has topped the survey since the first edition in 2007, the U.S. central bank's overall score declined for the second straight reading, falling below the 7 level for the first time due to lower scores for communication with the public. The rating for communication with the public was 5.9, well below the 7.2 scored for its communication with financial markets.