Either way, however, it is crucial for the stability of monetary union that the liability principle is complied with. In a nutshell, it stipulates that whoever decides on an action must also bear the consequences of that decision – by reaping the benefits or suffering any disadvantage or loss.
In other words, the analysis available to the Board that month is, for the most part, in the public domain within days of the meeting (the pattern we have evolved towards is for the Statement to be released the Monday following the Board meeting).