European Central Bank

European Central Bank definition - business

European Central Bank

The central bank that has been responsible for monetary policy in the euro area since 1999. Located in Frankfurt, Germany, the bank's main mission is to maintain price stability and the euro's value in the 15 European countries comprising the euro area.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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