Banque Centrale Européenne (BCE)

The Banque Centrale Européenne (BCE), or European Central Bank, is the institution responsible for managing the euro and maintaining price stability across the Eurozone countries. It controls monetary policy by setting interest rates and overseeing money supply to keep inflation in check. The BCE also works to ensure financial stability and supports economic growth in the region. Essentially, it acts as the central bank for countries that share the euro, aiming to promote a healthy and stable euro area economy.