Sunday, January 2, 2011

European Central Bank

The European Central Bank, or ECB, is the key monetary policy authority that is responsible for setting policy for the euro-zone economies, and the Euro currency. The ECB is tasked with maintaining financial system stability, and actively monitoring the economic situation, and setting interest rates with the goal of promoting economic growth and stability, as well as price stability i.e. controlled inflation.

Synonyms: ECB

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