In this way, members have the space to compare the analysis they were prepared beforehand to the analysis which is given to all members at the same time at the central bank. In my view, this is not in contradiction with the transparency and accountability of the decision-making itself.
In this session, we will discuss the different varieties of transparency and their relation to the effectiveness of monetary policy, and the accountability of the central banks. Is our transparency already optimal from the accountability point of view? There will certainly always be room for improvement.