European Central Bank
The European Central Bank (ECB) serves as the central bank for the euro, the currency used by 21 European Union countries.
Company facts
- Founded
- 1998
- Employees
- 5,000
- Headquarters
- Germany
- Type
- Government
About
The European Central Bank (ECB) serves as the central bank for the euro, the currency used by 21 European Union countries. Its core mission is to safeguard price stability within the euro area, ensuring the long-term value of the euro. The ECB achieves this through the formulation and implementation of monetary policy. Beyond monetary policy, the ECB plays a vital role in ensuring the safety and soundness of the European financial system. Key functions include banking supervision, promoting financial stability through macroprudential policy, and overseeing market infrastructure and payments. Professionals joining the ECB contribute to the economic well-being of a major global currency area and the stability of its financial markets.