Trichet defends decision to keep minutes secret

Jean-Claude Trichet, the president of the European Central Bank (ECB), has defended the institution's decision to keep details of its monetary policy meetings under wraps, saying the publication of minutes could damage credibility.

All of the other G7 central banks bar Canada publish minutes. The Federal Reserve even publishes full transcripts, though these do not enter the public domain until years after the meetings.

The ECB's relative secrecy has sparked calls from the likes of Nicolas Sar