European Central Bank (ECB)

Banque centrale européenne (BCE)
Europäische Zentralbank (EZB)

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Established on approval by E-XE3068 - Council of the European Union, in accordance with T-XT9113 - Treaty on European Union (Maastricht Treaty), signed 7 Feb 1992. ECB Statutes, which are annexed as a Protocol to the Maastricht Treaty, were drawn up by H-XE7137 - Committee of Governors of the Central Banks of the Member States of the European Economic Community before its dissolution. Functions as an integral part of the H-XF0662 - European Communities (EC), the first "pillar" of the F-XF2147 - European Union (EU) and, together with national central banks, constitutes the F-XF2712 - European System of Central Banks (ESCB), which was also established on 1 Jun 1998 in the context of the third stage of F-XF4335 - European Economic and Monetary Union (EMU). Located in Frankfurt-Main (Germany), ECB assumed responsibility for monetary policy in the euro area on 1 Jan 1999. It replaces H-XF2874 - European Monetary Institute (EMI), established 1 Jan 1994, which prepared a regulatory, organizational and logistic framework for the ESCB to perform its tasks in the third stage of EMU. Became responsible for the Single Supervisory Mechanism (SSM), 1 Nov 2014.


Maintain price stability in the euro area.


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Decision-making bodies:

- 'Governing Council' comprises all 6 members of the Executive Board and governors of National Central Banks (NCBs) without derogation, that participate fully in Monetary Union as part of the euro area.

- 'Executive Board' comprises President, Vice-President and 4 members, appointed by the European Council.

- 'General Council' comprises ECB President, ECB Vice-President and the governors of National Central Banks of all EU countries, whether or not participating in Monetary Union. As a transitional body, it will be dissolved once all EU Member States have introduced the single currency.

- 'Supervisory Board' comprises Chair, Vice-Chair, 4 ECB representatives and representatives of national supervisors.

F-XF0668 - Court of Justice of the European Union (CJEU) is competent to settle any disputes.


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Relations with Inter-Governmental Organizations

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Type I Classification

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Type II Classification

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Subjects *

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UN Sustainable Development Goals **

GOAL 5: Gender EqualityGOAL 8: Decent Work and Economic Growth



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* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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