European Central Bank

The European Central Bank (ECB) in Frankfurt am Main, Germany is the central bank of the eurozone, in charge of monetary policy for the 12 countries that use the euro currency. The ECB was established on June 1, 1998.

European System of Central Banks (ESCB)

The European System of Central Banks (ESCB) is comprised of the European Central Bank (ECB), and the national central banks of the 25 member-states of the European Union. Only governors from national banks inside the eurozone take part and are responsible for the decision process.

Related Topics:
European System of Central Banks - Central bank - European Union

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