Sir, - I refer to the letter from Mr Brendan McCormack (June 16th) regarding the European Central Bank.
Mr McCormack seems to misunderstand the decision-making structures of the ECB. As and from next January, monetary policy for the countries participating in Economic and Monetary Union will be decided by the Governing Council of the ECB. The Governor of our Central Bank is a member of the Council, with exactly the same voting rights as the Governors of other participating Central Banks. - Yours, etc. Hugh O'Donnell,
Press officer,
Central Bank of Ireland
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Dame, St., Dublin 2.