European Central Bank


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European Central Bank

n
(Banking & Finance) 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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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Noun1.European Central Bank - 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"
central bank - a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government
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References in periodicals archive ?
Analysts expect the European Central Bank to cut interest rates to new record lows when it meets later this month.
"We will have 24 banks, basically, that will move - seven will be directly under European Central Bank supervision and 17 will be under national supervision where they chose to relocate to," Enria said in an interview published on Wednesday.
'I am honored to have been nominated for the Presidency of the European Central Bank. In light of this, and in consultation with the Ethics Committee of the IMF Executive Board, I have decided to temporarily relinquish my responsibilities as Managing Director of the IMF during the nomination period,' she said.
The head of the European Central Bank said there are no problems in Bulgaria.
European Central Bank (ECB) staff revised down on Thursday their forecast for growth of gross domestic product in the eurozone during 2019 to 1.1 percent.
A spokesman said, 'The European Central Bank has approved Ford Credit Europe (FCE) Bank's application for a banking license in Germany.
RCB has been supervised directly by the European Central Bank in coordination with the Central Bank of Cyprus under the Single Supervisory Mechanism since November 2014.
He said he could not act on the European Central Bank (ECB)'s claim that it infringed legal privileges and immunities.
To encourage sober deliberation, Merkel should have urged the European Central Bank to keep Greek banks open during the run-up to the referendum.
The euro is still down more than 8 cents against the dollar since the start of this year, post the aggressive selling linked to the quantitative easing programme the European Central Bank unveiled on January 22.
European central banks, governments and financial institutions are looking for ways to prevent banks from threatening economic stability and requiring rescue from taxpayers in the future.

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