Term of the Day: European Central Bank - ECB

TERM OF THE DAY - NOVEMBER 4, 2011 Add Investopedia to Safe Sender List Find Investopedia on European Central Bank - ECB What Does it Mean? The central bank responsible for the monetary system of the European Union (EU) and the euro currency. The bank was formed in Germany in June 1998 and works with the other national banks of each of the EU members to formulate monetary policy that helps maintain price stability in the European Union. Investopedia Says... The European Central Bank has been responsible for the monetary policy of the European Union since January 1, 1999, when the euro currency was adopted by the EU members.... Read more » TODAY'S NEWSLETTER IS SPONSORED BY: Slideshow - Break Into Forex In 12 Steps Learn how to get started in forex trading.  View the Slideshow » Special Feature - Forex Trading Guide Answers to your questions about foreign exchange and tips on how to use this asset class to profit in an up or down market. Click here for more. Related Terms Bank For International Settlements - BIS Bank Of Canada - BOC Central Bank EUR Euro Note See More » Related Links Get To Know The Major Central Banks Why Interest Rates Matter For Forex Traders Compare Local Interest Rates See More » Find Term Of The day Useful? Check out our other FREE newsletters! Stock Watch Weekly Forex Weekly News To Use Warren Buffett Watch Investing Basics The Chart Advisor Report Professionals in the Money You are currently subscribed to term-of-the-day as: newsforward@autoforextradingpro.com To unsubscribe or change your email settings, please click here. Copyright © 2011 - All rights reserved. Investopedia ULC.