ECB defends transparency record


LUXEMBOURG – Paul Mercier, deputy director general of operations at the European Central Bank (ECB) was forced to defend the bank’s transparency during a heated debate at the European ACI Congress last week.

“The ECB is the most transparent central bank in the world,” Mercier told delegates in response to comments from the governor of the Czech Republic central bank, Zdneck Tuma. “We publish everything. Show me another central bank that holds press conferences directly after monetary po