Tax, law and standards
ECB
Abbreviation for European Central Bank
In short and in plain language
The ECB is the central bank for many countries in Europe.
These countries share the same money.
The bank sets the key interest rates there. It also keeps watch over key ways to pay.
Definition
The ECB is the central bank of the countries that use the euro as their currency. It is responsible for monetary policy in the euro area and oversees important payment systems.