Definition, Meaning & Anagrams | English word ESCB

Definitions of ESCB

1. Initialism of European System of Central Banks.

Examples of Using ESCB in a Sentence

• The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union.
• All member states of the European Union, except Denmark which negotiated an opt-out from the provisions, are obliged to adopt the euro as their sole currency once they meet the criteria, which include: complying with the debt and deficit criteria outlined by the Stability and Growth Pact, keeping inflation and long-term governmental interest rates below certain reference values, stabilising their currency's exchange rate versus the euro by participating in the European Exchange Rate Mechanism (ERM II), and ensuring that their national laws comply with the ECB statute, ESCB statute and articles 130+131 of the Treaty on the Functioning of the European Union.
• According to the Memorandum of Understanding between the ESS and the ESCB, the two systems producing European statistics cooperate on strategic level in the European Statistical Forum (ESF) and the operational platform is the Committee on monetary, financial and balance of payments statistics (CMFB).

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