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European Central Bank

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The European Central Bank

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The History of the European Central Bank

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What is the role of the European Central Bank? | IG Explainers

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How it works: The European Central Bank

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ECB and the Eurosystem explained in 3 min.

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Watch again: Draghi on inflation expectations https://t.co/KMTL401SHH

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Watch again: Draghi on why the Governing Council decided to extend forward guidance https://t.co/Nq3a0awu55

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Watch again: Draghi on the possibility of restarting the asset purchase programme https://t.co/eDNRd9IxCq

The European Central Bank (ECB) is the central bank for the euro and administers monetary policy of the euro area, which consists of 19 EU member states and is one of the largest currency areas in the world. It is one of the world's most important central banks and is one of the seven institutions of the European Union (EU) listed in the Treaty on European Union (TEU). The capital stock of the bank is owned by the central banks of all 28 EU member states. The Treaty of Amsterdam established the bank in 1998, and it is headquartered in Frankfurt, Germany. As of 2015 the President of the ECB is Mario Draghi, former governor of the Bank of Italy, former member of the World Bank, and former managing director of the Goldman Sachs international division (2002–2005). The bank primarily occupied the Eurotower prior to, and during, the construction of the new headquarters.
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