European Central Bank, European System of Central Banks and the Eurosystem

Since 1 January 1999 the European Central Bank (ECB) has been responsible for conducting monetary policy for the euro area - the world’s largest economy after the United States. The Eurosystem comprises the ECB and the National Central Banks (NCB) of these countries that have adapted the euro. The Eurosystem and the Eurosystem and European System of Central Banks (ESCB) will coexist as long as there are EU member states outside the Euro area.

Educational Games

What is monetary policy? How does inflation affect our economy? Find out by playing some of the ECB's interactive games on our Education webpages.

 €CONOMIA  Inflation Island  Find Security Features   Euro Cash Academy


 Inflation Island Click to play game about Euro currency Euro Cash Academy

Internal Auditors Committee

The Internal Auditors Committee (IAC) is the internal audit function for the Eurosystem and European System of Central Banks (ESCB).

The IAC, in accordance with the Eurosystem and ESCB Audit Charter, assists in the achievement of Eurosystem and ESCB objectives by providing independent, objective assurance and consulting services designed to add value and improve the performance of Eurosystem and ESCB tasks and activities.

Our Monetary Policy section has more information on monetary policy and the Eurosystem.

More Facts About the European System of Central Banks, the European Central Bank and the Eurosystem.

 'Facts' - a collection of powerpoint slides on central banking in Europe.