european central bank

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European Central Bank (ECB)

Definition: The "European Central Bank" (often abbreviated as ECB) is a noun that refers to the central bank for the countries in the European Union (EU) that use a common currency called the euro (€). It is responsible for managing the euro and making sure the economy in these countries is stable.

Summary

The European Central Bank is a crucial institution for countries in the EU that use the euro, managing money and economic policy to ensure stability and growth.

Academic

Noun

1. the central bank of those members of the European Union who share a common currency
   • The European Central Bank is Europe's equivalent of the Federal Reserve

Synonyms

• european central bank