Concept information
Preferred term
European Central Bank
Definition
- The European Central Bank (ECB) was founded on June 1, 1998, and is the pivotal institution in the European System of Central Banks. The primary task of the ECB is to guide the targeting of monetary policy instruments to ensure price stability within the eurozone (the term used to describe those countries that have adopted the euro). [Source: Encyclopedia of Global Studies; European Central Bank]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/European_Central_Bank
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