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ECB

ECB

27 4.9
A bank that manages the euro and sets interest rates for euro countries
  • noun
  • Specialized
translation icon : Banco Central Europeo
  • The ECB will be responsible for setting interest rates and managing Europe's new currency, the euro.
  • mandate of the ECB
  • independence of the ECB
  • European Central Bank

In Eurozone, positive momentum might give the ECB confidence it could scale back emergency stimulus.

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Examples

  • The ECB plays a crucial role in maintaining monetary stability across the eurozone.

  • Several solutions, including help from the ECB, are currently being considered; however, no decision has been officially announced.

    Blog text (6)

  • But Italy does depend on the support of the ECB to limit the rise of the interest rate for its government bonds.

    Academic text (2012)

  • Separately, the ECB has been trying to extract more information from national regulators.

    Academic text (2008)

  • Barroso defended the independence of the ECB and urged others to respect and defend it.

    Blog text (8)

  • The ECB represents the culmination of two trends: European integration and central-bank independence.

    Academic text (1999)

  • Analysts are closely monitoring the ECB as it decides on interest rate adjustments.

  • The ECB's policies are designed to ensure price stability within the eurozone.

Synonyms

central bank
vsECB
100 3.1

A national bank that controls a country's money and interest rates and holds money for the government and other banks

is the eurozone authority managing a shared currency across multiple countries
European Central Bank
vsECB
9 3.4

The central bank that decides interest rates and manages money for countries using the euro

is the abbreviated name used for that same eurozone institution

Surface Forms

ECB singular
ECBs plural

Morphology

ECB = E + C + B

The acronym's letters do not transparently map to English morphemes; understanding requires knowledge of the expanded phrase (European Central Bank).

Etymology

ECB stands for the European Central Bank, and 'central' means 'main' or 'in the middle', so it is the main bank for the countries that use the euro. That's why the ECB sets interest rates and tries to keep prices and banks stable.