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The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

TARGET2-Securities Annual Report 2020 Introduction Market infrastructures form the backbone of the financial system. They provide the networks through which financial institutions and financial markets are connected and financial transactions are cleared and settled. Therefore, it is essential to ensure that market infrastructures are secure and efficient, and that they foster a stable and well-functioning economy. The Eurosystem is closely involved in this work as the conduct of monetary polic...

Euro money market statistics: First maintenance period 2021 8 April 2021 Daily average borrowing turnover in the unsecured segment increased from €120 billion in the eighth maintenance period of 2020 to €121 billion in the first maintenance period of 2021 Chart 1 Daily average nominal borrowing and lending turnover in the secured and unsecured markets by maintenance period (MP) (EUR billion) Chart 2 (Percentage) In the first maintenance period of 2021, which started on 27 January 2021 and e...

Annual Accounts 2020 The management report [1] is an integral part of the ECB’s Annual Accounts and is designed to provide readers with contextual information related to the financial statements. [2] Given that the ECB’s activities and operations are undertaken in support of its policy objectives, the ECB’s financial position and result should be viewed in conjunction with its policy actions. To this end, the management report presents the ECB’s main tasks and activities, as well as the...

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.