Moreover, the transmission of the national non-financial sector accounts to Eurostat, which has currently a time lag of 90 days, needs to be further reduced by about 10 days, in order to enable the compilation of fully consistent Euro Area Accounts at t+90 days.
Central banks have to actively communicate with the broader public, for three reasons: •  First, what used to be obscure and complex issue for monetary policy specialists are now mainstream news. Two years ago, few people had heard of central bank operations or intra-Eurosystem payment flows. These days, television talk shows debate the ECB’s long-term refinancing operations or TARGET2-balances.