Ecb Meaning Finance
The ECB: Guardian of the Euro
The European Central Bank (ECB) plays a pivotal role in the financial landscape of the Eurozone. Its primary mandate, as enshrined in the Treaty on the Functioning of the European Union, is to maintain price stability. In simpler terms, the ECB strives to keep inflation at a level of close to, but below, 2% over the medium term across the 19 countries that use the euro. This price stability is crucial for promoting economic growth, employment, and overall financial stability within the Eurozone.