In particular, the ECB follows its monetary policy meetings with a news conference in which the president reads a statement reflecting the Council’s deliberations and then answers questions. Changes to ECB communication policy in recent years also have reflected the ECB’s multinational status.
In December 2000, when the ECB started releasing twice-yearly forecasts of gross domestic product and inflation, it chose to release its staff forecasts, in contrast to the practice of the Federal Reserve, which releases the range and central tendencies of projections of the individual FOMC members.