Եվրոպական Կենտրոնական Բանկ (ԵԿԲ)

Եվրոպական Կենտրոնական Բանկ (ԵԿԲ)

The central bank of the European union, responsible since January 1999 for setting the official short-term interest rate in countries using the Euro as their domestic currency. In this role, the European Central Bank (ECB) replaced national central banks such as Germany’s Bundesbank, which became local branches of the ECB.

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Part of Speech: noun
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Industry/Domain: Economy
Category: Economics
Company: The Economist
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