Praet says ECB minutes could spell end for forward guidance
Executive board member supports publishing ‘accounts’ of governing council meetings
Publishing "accounts" of governing council meetings at the European Central Bank (ECB) might reduce the need for forward guidance in the future, according to Peter Praet, an ECB executive board member.
The central bank is still considering whether or not to publish minutes of the governing council's discussions; something Praet acknowledged was now "best practice" in the central banking community.
Praet told the audience at ‘The ECB and its watchers' – a conference organised by the Center for
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