the central bank of the European Union, established in 1998 to oversee the process of European Monetary Union and subsequently to direct monetary policy within the countries using the euro
Abbreviation: ECB
ECB in Finance
(i si bi) or European Central Bank
abbreviation
(Finance: Banking)
The ECB is the central bank for the countries of the European Union that share the euro currency.
The ECB was created to monitor the monetary policy of the countries that converted to theEuro from their local currencies.
The clamor for the ECB to cut interest rates is likely to grow louder as the bank's next meeting approaches.
The ECB is the central bank for the countries of the European Union that share the euro currency.