Definition for : European Central Bank

The European Central Bank (ECB) is a bank responsible for monetary policy covering the 15 member countries of the Eurozone. Its headquarters are located in Frankfurt, Germany. "The ECB's main task is to maintain the Euro's purchasing power and thus price stability in the Euro area. The Euro area comprises the 15 European Union countries that have introduced the Euro since 1999." (quote from www.ecb.int)Official web-site: www.ecb.int

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