History

How the EU works

Organisation of the EU

European Council

Council of the EU

European Parliament

European Commission

The Court of Justice of the EU

European Ombudsman

Committees and agencies

European Central Bank

Symbols of the Union

Significance of the EU

Treaty

 

European Central Bank

European Central Bank
in Frankfurt, Germany.

Photo:Ec.europa.eu

The European Central Bank (ECB) is an institution of the European Union. It is responsible for price stability. It looks after the competitiveness of the euro and the stability of the financial market. At the same time, it supervises banks. The European Central Bank sets the key interest rates for the central banks of the member states to control the general interest rates.