The European Central Bank is the central bank for the euro, established on 1 June 1998 and headquartered in Frankfurt, Germany. It began exercising its full powers on 1 January 1999, when the euro was introduced, and its primary mandate, set out in the Treaty on the Functioning of the European Union, is to maintain price stability across the euro area, which it now defines as an inflation rate close to but below two percent over the medium term.
Facts
Founding Year Founding Date Headquarters Geography
Country or Jurisdiction ServedWikidata Q8901, property P17 (country). Classification
Institution Subtype Connections
Associated With
The European Central Bank is among the member central banks that own and participate in the Bank for International Settlements.
Source Bank for International Settlements (Official Website)
Source The New Palgrave Dictionary of Economics
The Bundesbank's own independence model and inflation-fighting reputation strongly influenced the ECB's institutional design and price-stability mandate when the euro area's single monetary policy was built.
Source Wikipedia
Source Eurogroup (Wikipedia)
Source Wikipedia
Additional Source Euro area crisis (Wikipedia)European debt crisis
Inflation, Concepts The European Central Bank's primary mandate is price stability, which it pursues through an inflation target close to but below two percent for the euro area.
Source European Central Bank (Official Website)
Ordoliberal thought on central bank independence and price stability, carried through the Bundesbank model, strongly influenced the European Central Bank's own institutional design and mandate.
Source Grundsatze der Wirtschaftspolitik (Principles of Economic Policy)
In the Other Atlases
Sources
1. European Central Bank (Official Website)
European Central Bank- About us
- All about us
Introduction, institution-subtype
The European Central Bank is the central bank for the euro, established on 1 June 1998 and headquartered in Frankfurt, Germany.
- Associated With: Inflation
View the Source 2. Wikidata
Wikimedia Foundation
3. Wikipedia
Wikimedia FoundationEuropean Central Bank
It was established on 1 June 1998
Associated With: Deutsche Bundesbank, Deutsche Bundesbank, European System of Central Banks
The Bundesbank, being the central bank of the Federal Republic of Germany, is an integral part of the European System of Central Banks (ESCB).
View the Source Wikidata: European Central Bank
Bank for International Settlements (Official Website)
Bank for International SettlementsAssociated With: Bank for International SettlementsView the Source The New Palgrave Dictionary of Economics
Palgrave MacmillanAssociated With: Central Bank Independence
Grundsatze der Wirtschaftspolitik (Principles of Economic Policy)
Associated With: Ordoliberalism
Eurogroup (Wikipedia)
WikipediaAssociated With: Eurogroup, Legal basis section, Eurogroup Wikipedia articleQuote, Associated With: Eurogroup, Legal basis section, Eurogroup Wikipedia article
The European Central Bank shall be invited to take part in such meetings
Euro area crisis (Wikipedia)
Associated With: European Debt Crisis, European debt crisisQuote, Associated With: European Debt Crisis, European debt crisis
The ECB also contributed to solve the crisis by lowering interest rates and providing cheap loans of more than one trillion euros
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