European System of Central Banks

The European System of Central Banks (ESCB) consists of the central banks of the European Union (EU) member countries and the European Central Bank (ECB). Its main role is to manage the euro, ensure price stability, and support the economic policies of EU member states. The ESCB works to maintain financial stability, control inflation, and facilitate smooth payments across Europe. By coordinating monetary policy, it aims to foster economic growth and stability in the eurozone, which comprises countries that have adopted the euro as their currency.