Eurosystem
Since 1 January 1999, the European Central Bank (ECB) has been responsible for conducting monetary policy for the euro area. The euro area includes Belgium, along with all the other countries that have adopted the euro.
Below you will find more information about the ECB, monetary policy, exchange rates and the statistical function of the European System of Central Banks (ESCB), which includes both the National Bank of Belgium, the ECB, and the national central banks (NCBs) of all other EU Member States whether they have adopted the euro or not.
In this section
Monetary policy and reserve management
The Eurosystem uses monetary policy to try to keep the prices of goods and services as stable as possible.
Governing Council decisions
Learn about the latest decisions and news from the Governing Council of the ECB.
Exchange rates
Exchange rates are the values of different currencies relative to each other. This page lists the exchange rates of curr…
What is the difference between the Eurosystem, the euro area and the European System of Central Banks?
The European System of Central Banks (ESCB) comprises the ECB and the national central banks (NCBs) of all EU Member States, whether they have adopted the euro or not.
The Eurosystem comprises the ECB and the NCBs of those countries that have adopted the euro. The Eurosystem and the ESCB will coexist as long as there are EU Member States outside the euro area.
The euro area consists of the EU countries that have adopted the euro.