Should the ECB disclose governing council members’ votes?

Some former officials argue it would reduce leaks and conflicting statements

ECB president June 2023
Christine Lagarde

In contrast to the US Federal Reserve, the Bank of England, Sveriges Riksbank and the Bank of Mexico, the European Central Bank does not disclose the direction of individual governing council votes in the accounts of its policy meetings. There is now debate over whether that should change.

Some former officials say keeping individual positions anonymous allows governors to speak freely in policy meetings, which helps to foster consensus. In their view, anonymity offers governors the option to

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