European Central Bank
- = ECBA 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.
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