At the centre of the current debate on the transparency of monetary policy in the euro area is the issue of how precisely, and especially in which form, the public should be notified of details of the internal decision-making process and the decision-making rationale.
Specifically, the question is, inter alia: to what extent should information-disseminating instruments which have been used by other central banks likewise be deployed in the Eurosystem? Besides the above-mentioned publication of explicit inflation forecasts, frequent reference is also made in this connection to the publication of the minutes of ECB Governing Council meetings.