|The History of the European Central Bank
Bank23 videos10,827 viewsLast updated on Jul 27, 2017
Since 1 January 1999 the European Central Bank has been responsible
for conducting monetary policy for the euro area (19 countries and
338 million inhabitants today).
The European Central Bank (ECB) is the central bank of the 19
European Union countries which have adopted the euro. Our main task
is to maintain price stability in the euro area and so preserve the
purchasing power of the single currency.
What kind of organisation is the ECB?
The ECB is an official EU institution at the heart of the Eurosystem
as well as the Single Supervisory Mechanism for banking supervision.
Find out how we are organised and learn who is who in the Governing
Council, the main decision-making body.
Organisation chart of the ECB
The mission of the ECB
Our mission is to serve the people of Europe by safeguarding the
value of the euro and maintaining price stability. Find out more
about the mission of the ECB, the Eurosystem and the Single
What are our tasks?
We define and implement monetary policy for the euro area and carry
out a number of other tasks, including banking supervision.
Tasks of the ECB
ECB, ESCB and the Eurosystem
Accountability towards the people of Europe
We work for the people of Europe and are formally accountable to
them through the European Parliament. The European Union Treaties
specify the different channels of accountability, which include the
publication of an Annual Report.
VIDEOS HISTORY OF the European Central Bank