Search results
Results From The WOW.Com Content Network
Wim Duisenberg, first President of the ECB. The European Central Bank is the de facto successor of the European Monetary Institute (EMI). [7] The EMI was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB). [7]
The executive board consists of the president, the vice-president and four other members, one of whom concurrently serves as ECB chief economist. All members are appointed by the European Council by qualified majority for a non-renewable eight-year term. As an exception, the officeholders appointed to the original board received staged terms so ...
The ECB's Executive board responsible for implementing monetary policy for the Eurozone, while the ECB's monetary policy decisions are taken by the Governing Council of the ECB, which is made of representatives of both the ECB's Board and the governors of the national central banks of the euro area countries.
The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which we steer ...
Key ECB interest rates The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. Accordingly, the interest rates on the deposit facility, the main ...
ECB President Lagarde speaks to reporters following the Governing Council's monetary policy meeting, in Frankfurt. BUDAPEST (Reuters) -Central bank independence is being questioned in parts of the ...
The ECB’s governing council lowered its benchmark rate by a quarter percentage point to 2.75% at a meeting at its skyscraper headquarters in Frankfurt, Germany. ECB President Christine Lagarde said that “the disinflation process is well on track” and that inflation would fall to the bank's 2% target “in the course of this year.”
They are appointed by common accord of the governments of the member states at the level of the Heads of State or Government, on a recommendation from the Council of Ministers after it has consulted the European Parliament and the Governing Council of the ECB (i.e., the Council of the European Monetary Institute (EMI) for the first appointments ...