European Central Bank

European Central Bank
(ECB) an independent financial institution established in 1998 to define and implement monetary policy for members of the European Union (EU) that have adopted the euro as their common currency. The ECB and the national central banks of EU member states together constitute the European System of Central Banks. Although all 15 EU members participate in the system, countries (i.e. UK, Denmark, Sweden and Greece) that do not use the euro have no official role in formulating monetary policy for the euro zone.

Collins dictionary of law. . 2001.

European Central Bank
European Central Bank (ECB)
European Union
The independent central bank of the euro area. It is responsible for making and carrying out EU monetary policy, including the setting of short-term interest rates and having the sole right to issue euro bank notes.
For further information, see the ECB website .

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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