The Európai Központi Bank (ECB) is the central bank for the eurozone, responsible for managing the euro and formulating monetary policy for the countries that use it. Established in 1998, its main objectives include maintaining price stability and supporting the economic policies of the European Union. The ECB plays a crucial role in overseeing the banking system within the eurozone and ensuring financial stability. It conducts monetary policy through various tools, such as setting interest rates and conducting open market operations, to influence inflation and economic growth across member states.