Transparency helps people understand the ECB’s monetary policy - ECB’s Coeure

Concluding remarks by Benoît Cœuré, Member of the Executive Board of the ECB, at the Transparency International EU Event “Two sides of the same coin? Independence and accountability of the European Central Bank”, Brussels, 28 March 2017:

"Let me conclude. While we certainly have to strive constantly for improvements, I believe one has to admit that the ECB has made tremendous efforts and indeed made significant progress in strengthening its accountability, boosting its transparency and further enhancing its integrity mechanisms and good governance."

"The ECB is, and has always been, open to a balanced dialogue with stakeholders, including the general public, and strives to keep up to date with fast-evolving communication practices, such as Q&A sessions on Twitter."

"This study, containing interviews of ECB senior managers and the report by Transparency International, is indeed a good example of how the ECB engages in a balanced dialogue with diverse representatives."

"As mentioned earlier, we are convinced that independence requires accountability, and that accountability requires transparency. Integrity is a foundation of any good administration."

"We are confident about what we have achieved, but as central bankers we are always “vigilant” and never complacent."