Executive Board of the European Central Bank
The Executive Board of the European Central Bank is the organ responsible for
monetary policyof the Eurozone.
Members of the Executive Board of the
European Central Bankare nominated by agreement between the Heads of Government of the Eurozonecountries for a non-renewable eight-year term (members nominated in 1998 for the original board had their terms staged so that one would be replaced each year).
Members generally take office in June.
Members of the Board
Presidents of the Board in bold.
Vice-Presidents of the Board in "italics".
Note: The two-letter country codes show the citizenship of each board member. Under the ECB's rules board members do not "represent" a particular country, nor are they responsible for keeping track of economic conditions in one country. Instead, all board members are jointly responsible for monetary policy for the entire Euro area.
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