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European Central Bank
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European Central Bank

Central bank of the European Union (EU), formally constituted on 1 June 1998. It is an integral aspect of European economic and monetary union. Together with the European Union's 15 national central banks, it is part of the European System of Central Banks (ESCB) whose main responsibility is ensuring price stability in those countries which have adopted the euro. The ESCB defines and implements monetary policy for the eurozone, conducts foreign exchange operations, and manages the foreign reserves of the participating member states. Its precursor was the European Monetary Institute.

The current president of the ECB is Jean-Claude Trichet. He was appointed in 2003. He has served two terms as Governor of the Banque de France.



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Geoff Cook's men kick off their bid to win the title for the third successive season on Thursday, April 15, with the new ECB 40 League beginning at the Riverside on Sunday, April 25 against Hampshire Hawks.
On Monday, ECB governing council member Gertrude Tumpel-Gugerell told an Austrian conference the current monetary policy stance was "appropriate," a code word for no change in the near future.
The ECB looks almost certain to leave interest rates on hold at 1.
 
 
 
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