First and foremost, the most important aspect of central bank independence in the euro area is that the central banks of the ESCB are independent of political instructions, an aspect referred to as institutional independence [laid down in Article 108 of the Treaty establishing the European Community].
So, instead of relying on just one model to produce the Monetary Policy Committee (MPC) forecast, we employ a large variety of different models. Also, since the structures of the various models are diverse, each one is capable of telling a different story.