Central Bank Transparency In Aspects such as Monetary Policy and Analysis of Macro-Economic Variables by Central Banks has an important role in publishing information to money and capital markets in relation to capital decisions and Examining the prospective trajectory of the economy, Consequently, it can bring the reaction of the money and capital market in dimensions such as a change in the level of systemic risk and the market\\\\\\\'s expected rate of return. In the past, all monetary policy decisions were made secretly, but since the 1990s, when transparency became the focus of central banks, a paradigm shift occurred and gradually central banks committed to transparency in monetary policy decisions and analysis of their economic conditions. n this regard, the present research identifies and determines the level of importance of central bank transparency dimensions, market reaction measures and micro and macro economic factors affecting the capital market reaction by using the combined method of Delphi and Dimetal Fuzzy. Research findings showed that operational, political, procedural, policy, and economic transparency as Spatial measurements of central bank transparency, change in conditional value of risk and value at risk and systemic risk as dimensions of risk, company value to capital, asset size and Liquidity of assets as micro-financial components, market return index and stock exchange value index, as micro-economic components, financial instability, investment growth, financial development, GDP growth, price index growth, monetary base and rate Real interest has been identified as macroeconomic components.

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