CANADA-IMF/:Bank of Canada should mull better communication on monetary policy, says IMF
OTTAWA, June 11 (Reuters) - The Bank of Canada should consider better communication of its monetary policy intentions, building on the steps it has already taken to improve the transparency of messages it sends to the market, the IMF said on Tuesday. The IMF has often suggested improvements to central bank policy communications, especially for banks in emerging markets. Last year it had stressed that the U.S. Federal Reserve should offer clear communication on assessment of incoming data. Earlier this year, it also urged the Bank of Japan to tread cautiously in raising interest rates. In a statement, the IMF said strengthening communications could include explanations on how quickly…