The Bank of Portugal is the central bank of Portugal, responsible for ensuring monetary stability and overseeing the country's financial system. Established in 1846, it plays a crucial role in implementing the monetary policy of the European Central Bank (ECB) since Portugal is a member of the Eurozone. In addition to managing currency and interest rates, the Bank of Portugal supervises banks and financial institutions to maintain a stable banking environment. It also provides economic analysis and statistics to support informed decision-making within the government and the public.