Definitions for European Central Bank
eu·ro·pean cen·tral bank

Princeton's WordNetRate this definition:0.0 / 0 votes

1. European Central Banknoun

   the central bank of those members of the European Union who share a common currency

   "The European Central Bank is Europe's equivalent of the Federal Reserve"

WiktionaryRate this definition:0.0 / 0 votes

1. European Central Banknoun

   the Central bank for the European Union, administering the monetary policy of the 17 EU Eurozone member states

WikipediaRate this definition:0.0 / 0 votes

1. European Central Bank

   The European Central Bank (ECB) is the prime component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important central banks. The ECB Governing Council makes monetary policy for the Eurozone and the European Union, administers the foreign exchange reserves of EU member states, engages in foreign exchange operations, and defines the intermediate monetary objectives and key interest rate of the EU. The ECB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The ECB has the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the volume must be approved by the ECB beforehand. The bank also operates the TARGET2 payments system. The ECB was established by the Treaty of Amsterdam in May 1999 with the purpose of guaranteeing and maintaining price stability. On 1 December 2009, the Treaty of Lisbon became effective and the bank gained the official status of an EU institution. When the ECB was created, it covered a Eurozone of eleven members. Since then, Greece joined in January 2001, Slovenia in January 2007, Cyprus and Malta in January 2008, Slovakia in January 2009, Estonia in January 2011, Latvia in January 2014, Lithuania in January 2015 and Croatia in January 2023. The current President of the ECB is Christine Lagarde. Headquartered in Frankfurt, Germany, the bank formerly occupied the Eurotower prior to the construction of its new seat. The ECB is directly governed by European Union law. Its capital stock, worth €11 billion, is owned by all 27 central banks of the EU member states as shareholders. The initial capital allocation key was determined in 1998 on the basis of the states' population and GDP, but the capital key has been readjusted since. Shares in the ECB are not transferable and cannot be used as collateral.

ChatGPTRate this definition:0.0 / 0 votes

1. european central bank

   The European Central Bank (ECB) is the central banking institution for the Eurozone, which includes the 19 European Union member states that have adopted the Euro as their official currency. The primary function of the ECB is to maintain price stability by setting key interest rates and controlling the supply of money. It also oversees monetary policy, carries out foreign exchange operations, and manages the foreign reserves of the EU. The ECB is headquartered in Frankfurt, Germany.

WikidataRate this definition:0.0 / 0 votes

1. European Central Bank

   The European Central Bank is one of the seven institutions of the European Union listed in the Treaty on European Union. It is the central bank for the euro and administers the monetary policy of the 17 EU member states which constitute the Eurozone, one of the largest currency areas in the world. It is thus one of the world's most important central banks. The capital stock of the bank is owned by the central banks of all 17 EU member states. The bank was established by the Treaty of Amsterdam in 1998, and is headquartered in Frankfurt, Germany. The current President of the ECB is Mario Draghi, former governor of the Bank of Italy. The primary objective of the European Central Bank is to maintain price stability within the Eurozone, which is the same as keeping inflation low and preventing deflation. The Governing Council aims to keep inflation below, but close to, 2% over the medium term. Unlike other central banks, for instance, the Federal Reserve System, the ECB has a single primary objective, with other objectives subordinated to it. The basic tasks of the ECB are to define and implement the monetary policy for the Eurozone, to conduct foreign exchange operations, to take care of the foreign reserves of the European System of Central Banks and to promote smooth operation of the financial market infrastructure under the TARGET2 payments system and the technical platform for settlement of securities in Europe.

Editors ContributionRate this definition:0.0 / 0 votes

1. european central bank

   A type of central bank and authority within the european union with the role, responsibility and legal authority to act impartially of the european union and to cocreate and conduct economic policy and to ensure their guidance is implemented by all member countries and national unity governments of the european union in the form of banking supervision. The central bank ensures european payment systems work efficiently and other specific and accurate guidance, regulation and range of economic, monetary, banking and financial guidelines, instructions, regulations and policies.

   The European Central Bank has an important role across Europe working with all european union member countries central banks.

   
   

   Submitted by MaryC on April 2, 2020  

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1. european central bank

   Quotes by european central bank -- Explore a large variety of famous quotes made by european central bank on the Quotes.net website.

Matched Categories

1. • Central Bank

How to pronounce European Central Bank?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

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   Tessa

   South African

How to say European Central Bank in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of European Central Bank in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of European Central Bank in Pythagorean Numerology is: 7

Examples of European Central Bank in a Sentence

1. Gabriel Sakellaridis:

   Inclusion in this European Central Bank quantitative easing program falls within the framework of priorities of the Greek government.

2. Quincy Krosby:

   Equally there's a European Central Bank meeting and a Federal Reserve meeting next week. Both are paramount for the market's direction.

3. Noriko Miyoshi:

   Stocks and bonds rallied together as the markets were betting on interest rate cuts at the European Central Bank and the U.S. Federal Reserve, the pace looks too fast. Investors across the world rushed to take part in the game of yield hunting.

4. Tomoo Kinoshita:

   Falls in global bond yields reflect growing concerns that long-term global growth is slowing down on U.S.-China tensions and worries over subsequent global supply chain disruptions, stock markets on the other hand are supported in the near-term by hopes of more stimulus, notably from the Federal Reserve and the European Central Bank.

5. Lorne Baring:

   By and large I just take them (the forecasts) with a pinch of salt, it's all about what (European Central Bank President Mario) Draghi says at its next meeting.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=European Central Bank
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/European_Central_Bank
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/European_Central_Bank
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=European Central Bank