ECB voting reform urgently needed economists claim

UK - The way in which the European Central Bank sets interest rates needs to be reformed urgently in order to prepare for enlargement of the European Union, a group of leading economists said.

In a report published Wednesday, four European academics said the ECB should abandon the practice of allocating votes to the heads of central banks in countries that are members of the euro zone.

Instead, they said interest rate decisions should be left to a group comprised of the six-strong executive board

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

Most read articles loading...

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

.