European Central Bank is founded to set eurozone monetary policy

11 articles · Updated · JURIST · May 1

It is established on 2 May 1998 to oversee policy for 16 European Union nations using the euro as their primary currency.
The new institution is created to centralise monetary decision-making across participating euro-area members.
The report places the ECB's founding alongside other notable events that occurred on 2 May in different years.

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