European Central Bank
/ˌjʊərəˈpiːən ˈsɛntrəl bæŋk/
Definitions
- (n.) The central bank for the eurozone, responsible for monetary policy and maintaining price stability within the EU member states that use the euro.
The European Central Bank decided to keep interest rates unchanged to control inflation.
Forms
- european central bank
Related terms
See also
Commentary
The term specifically denotes the EU institution managing the euro area's monetary policy; drafting should clarify its jurisdiction within the eurozone and distinguish it from national central banks.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.