European Central Bank

noun

ECB.��the central bank of the European Union, established in 1998 to oversee the process of European Monetary Union and subsequently to direct monetary policy within the countries using the euro

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Example Sentences

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The European Central Bank cut interest rates last month, citing concerns about the economy due to the trade tensions.

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"Restrictions on trade, protectionist measures, are not conducive to growth, and ultimately have an impact on inflation that is largely uncertain," the president of the European Central Bank, Christine Lagarde, said last month.

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Other central banks within developed economies, including the Bank of England and the European Central Bank, have recently cut interest rates.

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Some banks, including the Bank of Canada and European Central Bank, have already announced rate cuts.

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The European Central Bank is in a tough spot.

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European beech European chafer

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