Barry Eichengreen: ECB should vote in favour of transparency to improve trust

The Governing Council is dominated by state central bank governors, but it is not fair to suggest that they will prioritise national interests if they have to reveal how they ballot when deciding monetary policy, says Barry Eichengreen.

The European Central Bank (ECB) is undergoing a changing of the guard: a new president, a new chief economist, and two new executive board members. And the ECB’s new leadership is facing a contentious year.