Governing Council of the European Central Bank

E96946

decision-making body monetary policy committee organ of the European Central Bank

The Governing Council of the European Central Bank is the ECB’s main decision-making body, responsible for setting monetary policy for the euro area.

Statements (50)

Predicate	Object
instanceOf	decision-making body ⓘ monetary policy committee ⓘ organ of the European Central Bank ⓘ
accountableTo	Council of the European Union ⓘ European Parliament ⓘ
appliesTo	euro area ⓘ
belongsTo	Eurosystem ⓘ
chairedBy	President of the European Central Bank ⓘ
composedOf	Executive Board of the European Central Bank ⓘ governors of euro area national central banks ⓘ
decisionMakingMode	simple majority voting ⓘ
governs	Eurosystem monetary policy ⓘ
hasMember	President of the European Central Bank ⓘ Vice-President of the European Central Bank ⓘ governors of the national central banks of the euro area countries ⓘ members of the Executive Board of the European Central Bank ⓘ
hasRole	main decision-making body of the European Central Bank ⓘ monetary policy authority for the euro area ⓘ
hasVotingMember	President of the European Central Bank ⓘ Vice-President of the European Central Bank ⓘ governors of the national central banks of the euro area ⓘ other members of the Executive Board of the European Central Bank ⓘ
jurisdiction	euro area ⓘ
legalBasis	Statute of the European System of Central Banks and of the European Central Bank ⓘ Treaty on the Functioning of the European Union ⓘ
locatedIn	European Union ⓘ Frankfurt am Main ⓘ Germany ⓘ
meetsAt	European Central Bank headquarters in Frankfurt am Main ⓘ
partOf	European Central Bank ⓘ
reportsTo	European public ⓘ
responsibleFor	adopting guidelines and taking decisions necessary to ensure the performance of the tasks entrusted to the Eurosystem ⓘ deciding on intermediate monetary policy objectives ⓘ deciding on key interest rates ⓘ deciding on the level of the ECB deposit facility rate ⓘ deciding on the level of the ECB marginal lending facility rate ⓘ deciding on the level of the ECB’s main refinancing operations rate ⓘ deciding on the supply of reserves in the Eurosystem ⓘ decisions on asset purchase programmes ⓘ decisions on minimum reserve requirements for euro area credit institutions ⓘ decisions on non-standard monetary policy measures ⓘ decisions on the ECB’s forward guidance on interest rates ⓘ decisions on the issuance of euro banknotes ⓘ decisions on the provision of liquidity to the euro area banking system ⓘ ensuring price stability in the euro area ⓘ formulating the monetary policy of the euro area ⓘ setting key interest rates in the euro area ⓘ setting monetary policy for the euro area ⓘ
sector	central banking ⓘ
usesLanguage	official languages of the European Union ⓘ

Referenced by (10)

Full triples — surface form annotated when it differs from this entity's canonical label.

Eurosystem → governedBy → Governing Council of the European Central Bank ⓘ

European Central Bank → governingBody → Governing Council of the European Central Bank ⓘ

European System of Central Banks → governingBody → Governing Council of the European Central Bank ⓘ

ECB Economic Bulletin → issuedBy → Governing Council of the European Central Bank ⓘ

Euro → monetaryPolicySetBy → Governing Council of the European Central Bank ⓘ

euro (indirectly, via later French franc) → monetaryPolicySetBy → Governing Council of the European Central Bank ⓘ

subject surface form: euro

Luis de Guindos → partOf → Governing Council of the European Central Bank ⓘ

Central Bank Council → replacedBy → Governing Council of the European Central Bank ⓘ

Executive Board of the European Central Bank → reportsTo → Governing Council of the European Central Bank ⓘ

Single Supervisory Mechanism → reportsTo → Governing Council of the European Central Bank ⓘ