ECB Full Form In English
The full form of ECB is **“European Central Bank.” The European Central Bank is the central bank for the euro currency and is responsible for managing the monetary policy of the Eurozone, which consists of 20 European Union countries using the euro. Its main functions include controlling inflation, setting interest rates, regulating banks, and maintaining financial stability. Established in 1998, the ECB plays a vital role in the economic and financial system of Europe and works closely with other central banks around the world.
ECB Full Form In Hindi
**ECB का फुल फॉर्म है – “यूरोपियन सेंट्रल बैंक” यूरोपियन सेंट्रल बैंक यूरो मुद्रा का केंद्रीय बैंक है और यह यूरोज़ोन के मौद्रिक नीति को नियंत्रित करता है, जिसमें यूरो का इस्तेमाल करने वाले 20 यूरोपीय संघ के देश शामिल हैं। इसकी मुख्य जिम्मेदारियों में मुद्रास्फीति को नियंत्रित करना, ब्याज दरें निर्धारित करना, बैंकों का नियमन करना और वित्तीय स्थिरता बनाए रखना शामिल है। 1998 में स्थापित यह बैंक यूरोप की आर्थिक और वित्तीय प्रणाली में एक महत्वपूर्ण भूमिका निभाता है।
Read More: JBL Full Form In English And Hindi
Frequently Asked Questions
What does ECB stand for?
ECB stands for European Central Bank.
When was the ECB established?
The ECB was established in 1998.
What is the main function of ECB?
Its main functions include controlling inflation, managing interest rates, regulating banks, and maintaining financial stability in the Eurozone.
Which countries are under the ECB’s jurisdiction?
The ECB governs the 20 European Union countries that use the euro as their currency.
Where is the ECB located?
The ECB’s headquarters is in Frankfurt, Germany.
Is ECB similar to other central banks?
Yes, like other central banks (for example, the Federal Reserve in the USA), ECB regulates monetary policy but specifically for the Eurozone.
Conclusion
The European Central Bank (ECB) plays a crucial role in maintaining economic stability and regulating the monetary system in Europe. By controlling inflation, setting interest rates, and overseeing banks, the ECB ensures that the Eurozone’s financial system remains strong and stable. Understanding ECB helps individuals and businesses stay informed about European economic policies and financial markets.
