Notice of RetractionThe Impact of Central Bank Communication on Public Expectations

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Countries around the world have attached great importance to the public expectations. Central bank communication is one of the most important means to guide expectation. This paper analyzes about the impact of the central bank signal on financial market expectations by designing the basic framework of central bank communication. Different types of monetary policy committee select dissimilar information contents and communication modes according to various needs of social groups. The influence of People´s Bank of China (PBC) communication on shaping the public expectations is limited. It is important for PBC to persist in enhancing monetary policy transparency and improving its communication skill.