Back to Home
ECB
(European Central Bank)
The ECB (European Central Bank) manages the eurozone's monetary policy for 20+ countries, headquartered in Frankfurt. Primary mandate: price stability (target 2% CPI inflation).
Unlike the Fed, the ECB prioritizes inflation over employment. Key tools include deposit rates (3.5% in 2023) and bond-buying programs (€5T in QE). The 2010-2015 sovereign debt crisis tested ECB's lender-of-last-resort role ("whatever it takes" speech saved euro). Critics cite north-south divides (Germany vs. Greece) and lagging digital euro (CBDC) development. The IMF often collaborates with ECB on eurozone bailouts (e.g., Greece's €289B rescue).
Unlike the Fed, the ECB prioritizes inflation over employment. Key tools include deposit rates (3.5% in 2023) and bond-buying programs (€5T in QE). The 2010-2015 sovereign debt crisis tested ECB's lender-of-last-resort role ("whatever it takes" speech saved euro). Critics cite north-south divides (Germany vs. Greece) and lagging digital euro (CBDC) development. The IMF often collaborates with ECB on eurozone bailouts (e.g., Greece's €289B rescue).