ECB (European Central Bank)

Central bank of the eurozone (20 EU countries using the euro).

In depth

Headquartered in Frankfurt. Sets policy rates and conducts QE/QT for the eurozone. Faces unique challenge of one monetary policy across diverse economies (Germany vs. Italy vs. Greece). Decisions by 26-member Governing Council.

Related terms

The Fed (Federal Reserve)

The central bank of the United States.

Monetary Policy

A central bank's actions to manage money supply and interest rates.

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