Google trend - EZB

EZB - 10 things to know with detail

• The European Central Bank (ECB) is the central bank for the eurozone countries, responsible for monetary policy and maintaining price stability.
• The ECB was established in 1998 and is headquartered in Frankfurt, Germany.
• The ECB's main objective is to maintain price stability in the eurozone, which is defined as keeping inflation below, but close to, 2% over the medium term.
• The ECB is responsible for setting interest rates in the eurozone, with the main refinancing rate being the key policy rate that influences borrowing costs for banks and consumers.
• The ECB also conducts monetary policy through open market operations, such as buying and selling government bonds to influence liquidity in the financial system.
• The ECB is governed by the Governing Council, which is made up of the six members of the Executive Board and the governors of the national central banks of the eurozone countries.
• The ECB is independent from political interference, with its decisions guided by its mandate to maintain price stability.
• The ECB also plays a role in banking supervision and financial stability in the eurozone, through the Single Supervisory Mechanism (SSM) which oversees the largest banks in the eurozone.
• The ECB is also responsible for issuing euro banknotes, in coordination with the national central banks of the eurozone countries.
• The ECB's President is Christine Lagarde, who took office in November 2019, succeeding Mario Draghi.