European Central Bank

A central bank, created under the terms of the 1992 Maastricht Treaty, which was established in 1998 and became fully operational on 1 January 1999. It is responsible for eurozone monetary policy and in particular the setting of interest rates. It is independent of national governments but works with the central banks of the individual eurozone countries. The ECB is based in Frankfurt-am-Main, Germany.

Accounting dictionary. 2014.

Look at other dictionaries:

  • European Central Bank — (ECB) an independent financial institution established in 1998 to define and implement monetary policy for members of the European Union (EU) that have adopted the euro as their common currency. The ECB and the national central banks of EU member …   Law dictionary

  • European Central Bank — European Central Bank …   Wikipedia

  • European Central Bank — ( ECB) Bank created to monitor the monetary policy of the countries that have converted to the Euro from their local currencies. The original 11 countries are: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the… …   Financial and business terms

  • European Central Bank — (ECB / BCE| Banque Centrale Européenne) 1) The European Central Bank (ECB) is the central bank of the Euro zone, in charge of monetary policy for the 25 countries that use the euro currency. It is the legal personality under Community law. It… …   Euroclear glossary

  • European Central Bank — noun 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 • Hypernyms: ↑central bank …   Useful english dictionary

  • European Central Bank — (ECB)   The body to come into existence between 1997 and 1999 with the third stage of Economic and Monetary Union (EMU), with powers to issue the European Currency Unit (ECU) and control monetary policy …   Glossary of the European Union and European Communities

  • European Central Bank — ECB The central bank of the European Union, established on 1 July 1998 to direct the single monetary policy needed for European Monetary Union (EMU; see European Monetary System). From that date it superseded the European Monetary Institute and… …   Big dictionary of business and management

  • European Central Bank — /ˌjυərəpi:ən ˌsentrəl bæŋk/ noun central bank for most of the countries in the European Union, those which have accepted European Monetary Union and have the euro as their common currency. Abbreviation ECB ▪▪▪ ‘…the ECB begins with some $300… …   Dictionary of banking and finance

  • European Central Bank — noun Central bank for the European Union, however, has most control over euro members …   Wiktionary

  • European Central Bank —   controlling institution of monetary policy for the single European currency the Euro …   Geography glossary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.