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To retain legitimacy, an independent central bank must be accountable to democratic institutions and the general public for its actions in the pursuit of its mandate. The ECB has precise reporting obligations. These are laid down in Article 15 of its Statute.
According to the Statute, the ECB is required to publish quarterly reports on the activities of the Eurosystem as well as a consolidated Weekly Financial Statement. In addition, it has to produce an Annual Report on its activities and on the monetary policy of the previous and the current year. The Annual Report has to be addressed to the European Parliament, the EU Council, the European Commission and the European Council.
To fulfil the requirements of the Statute, the ECB publishes
Besides that, the ECB produces a range of other task-related publications.
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