Review:
European Central Bank
overall review score: 4.3
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score is between 0 and 5
The European Central Bank (ECB) is the central bank for the eurozone, responsible for maintaining price stability and controlling inflation within the Euro area.
Key Features
- Monetary policy
- Euro currency issuance
- Banking supervision
- Financial stability oversight
Pros
- Independence from political influence
- Effective in controlling inflation
- Supports economic stability in the Euro area
Cons
- Criticism of unequal impact on different member states
- Limited tools in times of economic crisis