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
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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
References in periodicals archive ?
Peter Praet, chief economist at the European Central Bank, said bond-buying would have to continue beyond the planned deadline of September if inflation does not pick up.
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.
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.
5% for nearly six years but the rates at the European Central Banks are even lower.
The unusual move would mean banks would have to pay to park money with the European Central Bank.
Reduced recourse to emergency funding was the result of the fact that as from August 1, Bank of Cyprus can obtain funds directly from the European Central Bank (ECB), after it exited the resolution regime on July 30.
The European Central Bank (ECB) will keep its loose and growth-supportive monetary policy stance in place for "quite a long time", ECB executive board members said yesterday.
Thus, unanimous recommendations by the Basel Committee are superior to majority decisions of the European Central Bank.
Under the deal, banks with more than EUR 30 B in assets will be placed under the oversight of the European Central Bank.
Mario Draghi caused a powerful market sell-off at the end of the week, after his comments that the European Central Bank is facing opposition with Germany's Bundesbank, leaving the biggest economy in Europe in a difficult negotiating position.
EUROPEAN Central Bank pressure on Ireland to apply for the November 2010 bailout has now come to light.
Summary: The European Central Bank (ECB) will meet in Frankfurt on Thursday to discuss the sovereign debt crisis in the eurozone.

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