The European Central Bank (ECB) is an important institution for the European Union's monetary policy. Some synonyms for the ECB can be the European Monetary Institute, the European System of Central Banks, or simply, the Central Bank of Europe. These terms are often used interchangeably and refer to the same institution responsible for overseeing the monetary policy of the Eurozone countries. The ECB has a crucial role in maintaining price stability and ensuring economic growth in the Euro area. The bank's decisions impact not only member states' economies but also the global financial system. Therefore, the ECB is a significant player in the world of finance and economics.