european central bank (Meaning)
Wordnet
european central bank (n)
the central bank of those members of the European Union who share a common currency
Synonyms & Antonyms of european central bank
No Synonyms and anytonyms found
european central bank Sentence Examples
- The European Central Bank (ECB) is the central bank of the eurozone, a monetary union of 19 member states of the European Union.
- The ECB is responsible for setting monetary policy for the eurozone, issuing euro banknotes, and managing the foreign exchange reserves of the eurozone.
- The ECB was established on 1 June 1998 and is headquartered in Frankfurt, Germany.
- The ECB is headed by a president, currently Christine Lagarde, and a six-member Executive Board.
- The ECB's Governing Council is composed of the six members of the Executive Board and the governors of the central banks of the 19 eurozone member states.
- The ECB's main objective is to maintain price stability in the eurozone by keeping inflation below 2% per year.
- The ECB also contributes to the stability of the euro exchange rate and to the smooth functioning of the financial markets.
- The ECB is independent from political interference and is accountable to the European Parliament.
- The ECB publishes a monthly economic bulletin and an annual report on its activities.
- The ECB cooperates with other central banks and international financial institutions, such as the International Monetary Fund.
FAQs About the word european central bank
the central bank of those members of the European Union who share a common currency
No synonyms found.
No antonyms found.
The European Central Bank (ECB) is the central bank of the eurozone, a monetary union of 19 member states of the European Union.
The ECB is responsible for setting monetary policy for the eurozone, issuing euro banknotes, and managing the foreign exchange reserves of the eurozone.
The ECB was established on 1 June 1998 and is headquartered in Frankfurt, Germany.
The ECB is headed by a president, currently Christine Lagarde, and a six-member Executive Board.
