European Central Bank

European Central Bank
( ECB)
Bank created to monitor the monetary policy of the countries that have converted to the Euro from their local currencies. The original 11 countries are: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. Bloomberg Financial Dictionary
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European Central Bank ( ECB)
The European Monetary Union's central bank, which governs monetary policy for member countries. Chicago Mercantile Exchange Glossary
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( ECB / BCE| Banque Centrale Européenne) Euroclear Clearing and Settlement glossary
1) The European Central Bank ( ECB) is the central bank of the Euro zone, in charge of monetary policy for the 25 countries that use the euro currency. It is the legal personality under Community law. It ensures that the tasks conferred upon the Eurosystem and the ESCB are implemented either by its own activities or those of the national central banks pursuant to the Statute of the European System of Central Banks and of the European Central Bank. Euroclear Clearing and Settlement glossary
2) The central bank for Europe's single currency, the euro. The ECB's main task is to maintain the euro's purchasing power and thus price stability in the euro area. Euroclear Clearing and Settlement glossary
Website: www.ecb.int Euroclear Clearing and Settlement glossary

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European Central Bank ˌEuropean ˌCentral ˈBank abbreviation ECB noun BANKING ORGANIZATIONS
the central bank of the European Union based in Frankfurt, responsible for setting interest rates, controlling the money supply etc of countries using the Euro

Financial and business terms. 2012.

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  • European Central Bank — (ECB) an independent financial institution established in 1998 to define and implement monetary policy for members of the European Union (EU) that have adopted the euro as their common currency. The ECB and the national central banks of EU member …   Law dictionary

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