The official site of Italy's central bank

Decision-making bodies of the ECB

The Eurosystem and the ESCB are governed by the decision-making bodies of the ECB: the Governing Council and the Executive Board. The General Council is constituted as a third decision-making body of the ECB for as long as there are Member States which have not yet adopted the euro.

The functioning of these bodies is governed by the EC Treaty, the Statute of the ESCB/ECB and the relevant Rules of Procedure.

Decision-making within the Eurosystem and the ESCB is centralized.

However, the ECB and the euro area NCBs jointly contribute, strategically and operationally, to attaining the common goals of the Eurosystem, with due respect to the principle of decentralization, in accordance with the Statute of the ESCB/ECB.

• Rules of procedure of the ECB