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European Central Bank

central bank of the European Union and the eurozone

7 dated entries naming European Central Bank, drawn from 6 separate years between 1998 CE and 2023 CE. Nothing here is written by us: each line is the sentence a Wikipedia year article used, and the link beside it opens the exact revision.

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20th century

  • 1998June 1 – The European Central Bank is established, replacing the European Monetary Institute.source
  • 1999January 1 – The euro currency is established, and the European Central Bank assumes full powers.source

21st century

  • 2019August 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.source
  • 2020July 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.source
  • 2022July 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.source
  • 2023February 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.source
  • 2023September 14 – The European Central Bank (ECB) raises eurozone interest rates to an all-time high of 4%, amid ongoing inflationary pressures across the continent.source

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