European Central Bank
The European Central Bank (ECB) serves as the central bank for the 19 European Union countries that have adopted the euro. Its primary responsibility is to ensure price stability within the euro area, thereby safeguarding the purchasing power of the euro. As a key institution within the European Union, the ECB plays a vital role in the Eurosystem and oversees the Single Supervisory Mechanism, which is responsible for banking supervision. The ECB is governed by a decision-making body known as the Governing Council, which is instrumental in shaping monetary policy and maintaining financial stability across the eurozone.
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