The European Central Bank (ECB) is the central bank for the euro and is responsible for monetary policy within the Eurozone, which consists of the European Union countries that have adopted the euro as their currency. Headquartered in Frankfurt, Germany, the ECB's primary objectives include maintaining price stability, managing inflation, and ensuring the smooth operation of the financial system. The bank conducts monetary policy operations, supervises major banks within the Eurozone, and contributes to the regulation and oversight of financial markets. The ECB plays a crucial role in shaping economic policy in the Eurozone and supporting the stability and integration of the European financial system.
