Business Terms and Jargon Explained

What is European Central Bank - ECB

The independent central bank established under the EC Treaty to set monetary policy for the euro area as a whole. The ECB's primary decision-making body is the Governing Council, which comprises the six-member Executive Board and the Governors of the National Central Banks of euro area countries.

Crown Copyright. Material taken from HM-Treasury. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2007-03-25 21:40:54

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