Central bank of Europe (BCE).
The Central bank of Europe was founded in 1999. The Council of the Central bank of Europe is the one who decides the changes in the monetary policy. This advice this compound of 6 members of the executive meeting of the Bank, besides 12 representatives of you soothe of the Central bank of the 12 nations of the Euro zone.
The goals of the Central bank of Europe consist of maintaining stability in the prices and a sustainable growth, nevertheless unlike the Federal Reserve in Central bank of Europe looks for to maintain goals of inflation under 2%. As dependent economy of the export in Central bank of Europe maintains preoccupations with respect to a strong Euro since this increases the price of its goods affecting the exports.
The Council meets biweekly, nevertheless the decisions with respect to the monetary policy in announce in a press conference 11 times during the year.
At the moment the president of the Central bank of Europe is Jean-Claude Trichet, successor of Wim Duisenberg, was postulated in November of the 2003. Trichet is characterized for being careful, although some criticize their slow answer towards the high unemployment in Europe, is known him by movements against the inflation, DES then of everything is responsible by the handling for the monetary policy of 12 nations.
