ECB (European Central Bank)

The European Central Bank (ECB) is the central bank for the eurozone, which consists of 19 of the 27 European Union countries that use the euro as their currency. Established in 1998, the ECB's main responsibilities include maintaining price stability by controlling inflation, setting interest rates, and overseeing the banking system. It aims to ensure a stable economy in the eurozone, supporting growth and employment. The ECB also plays a key role in financial stability and responds to economic crises, helping to manage the overall financial health of its member countries.