Accept cookies Danmarks Nationalbank uses cookies to monitor traffic on our website. This allows us to improve our website and make it more accessible to users. Therefore, we would like you to accept cookies on Danmarks Nationalbank's website. You can delete our cookies at any time.   More about cookies

About us Tasks Notes and coins Euro Monetary policy Market info Statistics Government debt
<< Home / Euro / The European Central Bank and the Eurosystem
News service Site map Dansk   Search Log on
Financial stability Press room Publications Rules
Back to the frontpage

Introduction to the euro


The European Central Bank and the Eurosystem


The tasks of the ECB


Management of the ECB


The European System of Central Banks


The ECB's monetary policy


Denmark and the euro


Non-euro area EU member states


Economic-policy cooperation in the EU


History of the Euro


Danmarks Nationalbank | | |QR code for mobile units

The European Central Bank and the Eurosystem


The European Central Bank, ECB, is the common central bank of the Euro Area member states. The ECB is located in Frankfurt am Main, Germany, and had approximately 1,550 employees at end-2009.

The national central banks in the Euro Area and the ECB cooperate closely and together they form the Eurosystem. It is responsible for the single monetary policy of the Euro Area member states. As the supreme decision-making body of the ECB, the Governing Council decides the single monetary policy, but it is implemented by the national central banks of the Eurosystem.

The objective of the ECB is to maintain price stability in the Euro Area. This is defined by ECB as a year-on-year inflation rate below but close to 2 pct. on the medium term. The ECB may also support the general economic policies of the Euro Area member states - e.g. to ensure high growth and employment - provided that this does not jeopardise the objective of low inflation. Besides monetary policy, the ECB and the Eurosystem undertake various other typical centralbank tasks. These include compilation of financial statistics and management of foreign-exchange reserves.






Last update: 04/10/2014

 
More information
Read by others
 


Danmarks Nationalbank
Havnegade 5
DK - 1093
Copenhagen K
Denmark
Contact us Disclaimer