Transparency doesn't mean full disclosure

GERMANY - Central bank transparency doesn't mean communicating the exact timing and scope of changes in monetary policy to markets, according to European Central Bank executive board member Sirkka Haemaelaeinen.

Speaking at a credit conference Tuesday, Haemaelaeinen ducked a question related to market expectations for interest rate rises, but noted that ECB officials themselves can't predict the future.

Governing council members, she said, can only closely follow economic developments and then

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