English - European Central Bank

What is the ECB rate today?
Marginal Lending: 4.75%
The rate that offers overnight credit to banks from the Eurosystem.
What does the European Central Bank do?
The European Central Bank (ECB) manages the euro and frames and implements EU economic & monetary policy.
The ECB's President is Christine Lagarde and the Vice-President is Luis de Guindos.
The main decision-making body is the Governing Council, which consists of the six members of the Executive Board plus the governors of the central banks of the euro area countries.

Who controls ECB?

The ECB is directly governed by European Union law.
Its capital stock, worth €11 billion, is owned by all 27 central banks of the EU member states as shareholders.

The European Central Bank (ECB) was established in 1998 by the Treaty on European Union with the aim to operate within the "European System of Central Banks" (ESCB) which includes all Member States' central banks.

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