Report: top ECB officials favor publishing minutes
Jul. 29, 2013
FRANKFURT, Germany (AP) — Two top European Central Bank officials are arguing that the bank should join peers such as the U.S. Federal Reserve and the Bank of England in publishing minutes of its policy-setting meetings.
ECB executive board member Benoit Coeure said in an interview published Monday by German daily Sueddeutsche Zeitung and France's Le Figaro that he favors publishing minutes because people want transparency and accountability.
Board colleague Joerg Asmussen was quoted in the same interview as saying the minutes should set out who voted for what and why. Asked whether there's a majority for the move on the ECB governing council, he replied: "Every majority starts as a minority."
While the bank has never published minutes, ECB President Mario Draghi holds a press conference after the bank's monthly monetary policy meetings.