And there is the obligation to render account for our actions, to be tireless in our efforts to explain and where possible persuade, because the ultimate foundation of the independence of the central banks is not a law, nor even a treaty, but the support of the people concerned for the objectives pursued and the measures which they devise.
To some, such concerns may look like a nuisance that should not become an obstacle on the road to a bright new future of “big data”. This would be a mistake. It will only raise suspicions and lead to a worsening of the quality of the data.