Increased prospects in the real estate market arise as the European Central Bank (ECB) implements a second interest rate cut,...
European Central Bank
The European Central Bank (ECB) is the central bank for the eurozone, responsible for monetary policy within the European Union (EU) member states that have adopted the euro as their currency. Established in 1998, the ECB’s primary objective is to maintain price stability, which it defines as keeping inflation rates below, but close to, 2% over the medium term. The bank also aims to support the general economic policies of the EU and to ensure the stability of the financial system. The ECB conducts monetary policy through various tools, including setting interest rates, engaging in open market operations, and providing liquidity to banks. It plays a crucial role in managing the euro and overseeing the banking system of participating countries. Additionally, the ECB is involved in financial regulation and supervision and works in coordination with national central banks within the eurozone to achieve its objectives.
