What is the primary objective of the European Central Bank (ECB)?

The ECB's main objective is to maintain price stability in the euro area, ensuring the purchasing power of the euro is safeguarded over time.

Which countries are part of the euro area served by the ECB?

The euro area currently comprises 20 European Union member states that have adopted the euro as their single currency, including Germany, France, Italy, and Spain.

How does the ECB influence the economy?

The ECB influences the economy primarily by setting key interest rates, conducting open market operations, and implementing measures like quantitative easing to manage liquidity and inflation.

Who is responsible for governing the ECB?

The ECB is governed by its Governing Council, which consists of the six members of the Executive Board and the governors of the national central banks of the euro area countries.