What new authority did the ECB receive in 2012? the ability to set different interest rates in different member countries.

Question

Social Studies

Kiwi

20 February, 05:17

What new authority did the ECB receive in 2012? the ability to set different interest rates in different member countries.

+4

Answers (1)

Know the Answer?

Guadalupe Mcclain · Answer 1

The ability to set different interest rates in different member countries.

ECB it is the central bank with representatives from the 19 countries of the European Union that have adopted the euro. Its primary objective is to maintain price stability in the euro area and thus preserve the purchasing power of the single currency across the continent.