{"slug": "european-central-bank", "label": "European Central Bank", "wikipedia": "https://en.wikipedia.org/wiki/European_Central_Bank", "wikidata": "https://www.wikidata.org/wiki/Q8901", "qid": "Q8901", "description": "central bank of the European Union and the eurozone", "entries": 7, "years": 6, "span": [1998, 2023], "span_label": ["1998 CE", "2023 CE"], "topics": [{"title": "Economy & Finance", "count": 7}], "related": [{"slug": "eurozone", "label": "Eurozone", "shared": 1}], "items": [{"year": 1998, "year_label": "1998 CE", "section": "Economy & Finance", "date": "June 1", "text": "June 1 – The European Central Bank is established, replacing the European Monetary Institute.", "cite": {"url": "https://en.wikipedia.org/w/index.php?oldid=1373236679#June", "title": "1998", "revid": 1373236679, "section": "Events › June"}}, {"year": 1999, "year_label": "1999 CE", "section": "Economy & Finance", "date": "January 1", "text": "January 1 – The euro currency is established, and the European Central Bank assumes full powers.", "cite": {"url": "https://en.wikipedia.org/w/index.php?oldid=1369767946#January", "title": "1999", "revid": 1369767946, "section": "Events › January"}}, {"year": 2019, "year_label": "2019 CE", "section": "Economy & Finance", "date": "August 15", "text": "August 15 – The European Central Bank shuts down PNB Banka after ruling it had become insolvent; this bank, previously called Norvik Banka, has been Latvia's sixth-largest lender, and a critic of the Baltic country's financial authorities.", "cite": {"url": "https://en.wikipedia.org/w/index.php?oldid=1373255188#August", "title": "2019", "revid": 1373255188, "section": "Events › August"}}, {"year": 2020, "year_label": "2020 CE", "section": "Economy & Finance", "date": "July 10", "text": "July 10 – The ECB accepts Bulgaria and Croatia into ERM II, a mandatory stage for countries wishing to adopt the euro. This is the currency union's first major expansion in half a decade.", "cite": {"url": "https://en.wikipedia.org/w/index.php?oldid=1371633312#July", "title": "2020", "revid": 1371633312, "section": "Events › July"}}, {"year": 2022, "year_label": "2022 CE", "section": "Economy & Finance", "date": "July 21", "text": "July 21 – The European Central Bank raises its key interest rate for the first time in more than 11 years, from minus 0.5 per cent to zero, with plans for further increases later in the year.", "cite": {"url": "https://en.wikipedia.org/w/index.php?oldid=1371998228#July", "title": "2022", "revid": 1371998228, "section": "Events › July"}}, {"year": 2023, "year_label": "2023 CE", "section": "Economy & Finance", "date": "February 2", "text": "February 2 – The European Central Bank and Bank of England raise their interest rates by 0.5 percentage points to combat inflation, one day after the US Federal Reserve raises its federal funds rate by 0.25 percentage points.", "cite": {"url": "https://en.wikipedia.org/w/index.php?oldid=1372811827#February", "title": "2023", "revid": 1372811827, "section": "Events › February"}}, {"year": 2023, "year_label": "2023 CE", "section": "Economy & Finance", "date": "September 14", "text": "September 14 – The European Central Bank (ECB) raises eurozone interest rates to an all-time high of 4%, amid ongoing inflationary pressures across the continent.", "cite": {"url": "https://en.wikipedia.org/w/index.php?oldid=1372811827#September", "title": "2023", "revid": 1372811827, "section": "Events › September"}}]}