The Case for a European Central Bank That Actually Works The European Central Bank (ECB) has been at the forefront of economic policy making in the eurozone since its inception in 1998.
Despite its best efforts, however, the ECB continues to face significant challenges in maintaining price stability and promoting economic growth across the region.
Understanding the European Central Bank's Current Challenges The ECB's primary mandate is to maintain price stability within the eurozone, which it has largely achieved through its monetary policy decisions.