Accountability of the ECB 

Accountability of the ECB is also provided for by the treaty. The ECB must present an annual report on the activities of the ESCB to the European Parliament, the Council of Ministers and the European Commission as well as to the Heads of State or Government of the EU Member States. The report must cover the monetary policy of both the previous and the current year. It is the ECB President who must present this report to the Council and to the European Parliament, which may hold a general debate on it. The ECB President and the other members of the Executive Board may be heard by the competent Committees of the European Parliament, either on their own initiative or at the Parliament's request.  

The Governing Council of theECB meets fortnightly and the President of the ECB usually holds a press conference after these meetings. The ECB also publishes a monthly bulletin.