Shortly after taking the job, Federal Reserve Chairman Jerome Powell highlighted the need to communicate monetary policy better. He could learn a thing or two from Indonesia.
Bank Indonesia has about 625,000 Twitter followers -- the most of any central bank. Among its almost 12,000 tweets are updates on exchange rates and inflation, prize giveaways and even a jaunty music video explaining how to spot fake bank notes. IMF Managing Director Christine Lagarde’s February visit spurred a flurry of posts.
