Eurosystem

The Eurosystem is the central banking system for the euro, the currency used by many European countries. It consists of the European Central Bank (ECB) and the national central banks of eurozone countries. Its main goal is to maintain price stability, which means keeping inflation low and stable. By managing interest rates and regulating the money supply, the Eurosystem helps to ensure a stable economy across its member countries, facilitating trade and investment in the eurozone. Overall, it plays a crucial role in supporting a unified economic environment in Europe.