European Central Bank

"ECB" redirects here. For other uses, see ECB (disambiguation).
European Central Bank[show]Европейска централна банкаBanc Central EuropeuEvropská centrální bankaDen Europæiske CentralbankEuropese Centrale BankEuroopa KeskpankEuroopan keskuspankkiBanque centrale européenneEuropäische ZentralbankΕυρωπαϊκή Κεντρική ΤράπεζαEurópai Központi BankBanc Ceannais na hEorpaBanca Centrale EuropeaEiropas Centrālā bankaEuropos centrinis bankasBank Ċentrali EwropewEuropejski Bank CentralnyBanco Central EuropeuBanca Centrală EuropeanăEurópska centrálna bankaEvropska centralna bankaBanco Central EuropeoEuropeiska centralbanken
The temporary headquarters Headquarters Frankfurt, Germany Coordinates 50°06′34″N 8°40′26″E / 50.1095, 8.6740Coordinates: 50°06′34″N 8°40′26″E / 50.1095, 8.6740 Established 1 January 1998 President Jean-Claude Trichet Central Bank of Eurozone[show]AustriaBelgiumFranceFinlandGermanyGreeceIrelandItalyLuxembourgNetherlandsPortugalSloveniaSpain Currency Euro ISO 4217 Code EUR Reserves €526bn in total[show]€43bn directly€338bn (Eurosystem incl. gold)€145bn (forex reserves) Base borrowing rate 5% Base deposit rate 3% Website ecb.eu Preceded by 13 national banks[show]Banca d'ItaliaBanco de EspañaBanco de PortugalΤράπεζα της Ελλάδος (Bank of Greece)Banka SlovenijeBanque Centrale du LuxembourgBanque de FranceCentral Bank and Financial Services Authority of IrelandDe Nederlandsche BankDeutsche BundesbankNationale Bank van België / Banque nationale de BelgiqueOesterreichische NationalbankSuomen Pankki The European Central Bank (ECB) is one of the world's most important central banks, responsible for monetary policy covering the 13 member countries of the Eurozone. It was established by the European Union (EU) in 1998 with its headquarters in Frankfurt, Germany