Executive Board of the European Central Bank

E99949

decision-making body executive body

The Executive Board of the European Central Bank is the institution’s top executive body responsible for implementing monetary policy decisions, managing day-to-day operations, and overseeing the euro area’s central banking activities.

Statements (47)

Predicate	Object
instanceOf	decision-making body → executive body →
appliesTo	euro area →
appointedBy	European Council →
appointmentRequires	consultation of the European Parliament → consultation of the Governing Council of the European Central Bank → qualified majority of the European Council →
cooperatesWith	European Commission on economic and monetary matters → national central banks of euro area member states →
followsObjective	maintaining price stability in the euro area →
governedBy	internal rules of procedure of the European Central Bank →
hasAuthorityOver	day-to-day management of the European Central Bank → implementation of monetary policy in the euro area →
hasNumberOfMembers	6 →
hasRole	implementing monetary policy decisions → implementing the budget of the European Central Bank → issuing instructions to national central banks of the euro area → managing day-to-day operations of the European Central Bank → managing the day-to-day business of the European Central Bank → overseeing euro area central banking activities → preparing meetings of the Governing Council of the European Central Bank →
hasScope	euro area monetary policy → operational management of the European Central Bank →
includesPosition	President of the European Central Bank → Vice-President of the European Central Bank → four other members of the Executive Board →
legalBasis	Statute of the European System of Central Banks and of the European Central Bank → Treaty on the Functioning of the European Union →
locatedIn	Frankfurt am Main → Germany →
meetsAt	European Central Bank headquarters →
membersServeTermLength	8 years →
membersTermIs	non-renewable →
oversees	implementation of decisions on key ECB interest rates → implementation of minimum reserve requirements in the euro area → implementation of open market operations in the euro area → implementation of standing facilities in the euro area →
parentOrganization	European System of Central Banks →
partOf	European Central Bank →
reportsTo	Governing Council of the European Central Bank →
responsibleFor	current business of the European Central Bank → execution of decisions of the Governing Council → implementation of exchange-rate operations decided by the Governing Council → implementation of foreign-reserves operations decided by the Governing Council → internal organization of the European Central Bank → preparation of the annual budget of the European Central Bank →
worksInLanguageRegime	official languages of the European Union →

Referenced by (4)

Subject (surface form when different)	Predicate
European Central Bank → European System of Central Banks →	governingBody
Governing Council of the European Central Bank →	composedOf
Luis de Guindos →	partOf