Should the ECB disclose governing council members’ votes?

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.