Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

ECB definition

When traders talk about the ECB, they are referring to the European Central Bank, the central bank for the Eurozone.

Like its counterparts the Federal Reserve (known as the Fed) and Bank of England (BOE), the ECB is in charge of setting monetary policy. Unlike many other central banks, though, the ECB’s remit covers several countries: those who use the euro as their currency. It has to work with the national banks of the countries that it governs in order to maintain the euro’s stability and inflation.

In contrast to other major central banks, the ECB is a fairly new institution, having been formed in Germany in 1998 (it is 85 years younger than the Fed, and 304 years younger than the BOE).

The ECB’s policy decisions are hugely important to traders, as they have a major impact on the value of the euro and European companies.

Visit our news and analysis section

See the latest news about the ECB here.

A - B - C - D - E - F - G - H - I - L - M - N - O - P - Q - R - S - T - U - V - W - Y

See all glossary trading terms

Contact us

Support line is available 24hrs a day from 8am GMT Saturday to 10pm GMT Friday

+65 6390 5118

You can also email us helpdesk@ig.com.sg