European Central Bank
9
3.4
- proper noun
:
Banco Central Europeo
- The European Central Bank is responsible for setting interest rates in the eurozone.
- European Central Bank (ECB)
And we got the European Central Bank saying they're just going to buy a bunch more bonds to try to do whatever they can to control the yields, to bring yields down.
- And we got the European Central Bank saying they're just going to buy a bunch more bonds to try to do whatever they can to control the yields, to bring yields down.
- But my sense is that the European Union under the European Central Bank has behaved pretty well.
- So the purpose of the central bank or the Fed or all, you know, the the Japanese, the Bank of Japan, the European Central Bank, they pump out fake money.
- And and you can add into the euro the European Central Bank, which is ineffectual, weak, doesn't know what it's doing.
Examples
-
We are likely to be influenced by European Central Bank choices for many years to come.
Blog text (25) -
There was no immediate response from the European Central Bank in Frankfurt.
Blog text (22) -
Many support the European Central Bank proposal for just this reason.
Academic text (1990) -
The week before, the European Central Bank promised to print billions as needed.
Blog text (16) -
Under a single currency, countries give up certain powers and give them to the European Central Bank.
Blog text (27) -
And the European Central Bank has emerged as more cautious and less powerful than many expected.
Academic text (2009) -
Stocks traded largely flat on the day ahead of a European Central Bank meeting later this week.
Blog text (11) -
Many of these weaker banks are still largely reliant on the European Central Bank for funding.
Blog text (6) -
The European Central Bank must become more supportive of economic growth and less single-mindedly fixated on price stability.
Academic text (2012) -
In this spirit, the European Union has created a Single Rulebook, which the European Central Bank implements in the context of the Single Supervisory Mechanism.
Academic text (2018)
Synonyms
27
4.9
A bank that manages the euro and sets interest rates for euro countries
Surface Forms
Morphology
The meaning is directly compositional: 'European' specifies the region, 'central' indicates primary/official role, and 'bank' denotes a financial institution, so a learner who knows these words can infer it is the main bank for Europe. This is a common, language-neutral naming pattern (e.g., similar forms in other languages), making the term immediately understandable to B1 learners who know the constituents.
Etymology
The European Central Bank is named for what it does: European because it serves many countries that use the euro, Central because it is the main bank for them, and Bank because it manages money. So, the name means 'the main bank' that 'sets interest rates' and 'looks after the money' for euro countries.