A groundbreaking study from New Zealand demonstrates that central bank "forward guidance" significantly strengthens the transmission of monetary policy. Analyzing New Zealand's banking data, the research finds that providing clear communication about the future path of interest rates enhances the pass-through from the official policy rate to bank deposit and lending rates. The results show improved long-term pass-through, especially for time deposits and fixed mortgages, alongside a slight acceleration in short-term adjustments. These findings offer critical evidence for central banks worldwide on the power of communication as a policy tool.

Avenas has won first place in the Rhodium Ventures 2025 startup competition, organized by the Hebrew University of Jerusalem School of Business and Rhodium Ventures, in partnership with Earth & Beyond Ventures, Kyocera and the MAAYAN Student Foundation. The startup secured an investment commitment of up to NIS 6.5 million from the Earth & Beyond Ventures fund, subject to a due diligence process.