ECB

The European Central Bank (ECB or Ecb in English, European Central Bank) is the central bank in charge of implementing monetary policy for the nineteen countries of the European Union that have joined the euro and which form the so-called Eurozone.

It was established on the basis of the Treaty on European Union and the statute of the European system of central banks and the European Central Bank on 1 June 1998. In 1999 the conversion rates of national currencies against the euro were irrevocably sanctioned.

The ECB can issue decisions and formulate non-binding recommendations and opinions. It must also be consulted by the other institutions of the Union for draft amendments to the Treaties affecting the monetary sector, as well as for any Union act concerning matters within its competence.

The monetary policy of the ECB applies to the following countries: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain.

The current president of the ECB is the Italian Mario Draghi.

ECB, ultimi articoli su Money.it International

3 factors threaten the cost of money in Europe

Money.it

25 September 2025 - 17:58

3 factors threaten the cost of money in Europe

Is Christine Lagarde’s ECB underestimating these three major factors, to the detriment of inflation and growth in the euro area? The specter of disinflationary pressures, explained.

The ECB risks making a huge mistake

Money.it

24 September 2025 - 15:51

The ECB risks making a huge mistake

The ECB is in danger of making a huge blunder. Will Lagarde continue to do as she pleases (as she always has?)

ECB interest rates: here’s Lagarde’s next moves

Money.it

12 September 2025 - 17:38

ECB interest rates: here's Lagarde's next moves

The ECB’s interest rate announcement has been made. What will Lagarde do now? The conflicting opinions from Frankfurt, the markets’ bets, and the experts’ forecasts.

EUR to fall 7% against USD by 2024, the forecast

Money.it

13 September 2024 - 17:00

EUR to fall 7% against USD by 2024, the forecast

Why the euro-dollar could collapse by 7% by the end of 2024? All the reasons for the potential collapse of the single currency according to Morgan Stanley’s forecast.