Inglese Finanziario For Dummiess Lesson 11

Inglese Finanziario For Dummiess Lesson 11

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IL TEMA DI QUESTA SETTIMANA è LA BCE o in INGLESE EBC EUROPEAN CENTRAL BANK

Vediamo insieme quali sono le funzioni della ECB

The European Central Bank

1) maintains price stability (how?)
2) sets key interest rates (how?? with which she grants loans to commercial banks (to loan – a loan – to lend)
3) controls the Union’s money supply. (how?)
4) manages the eurozone’s foreign currency reserves and buys or sells currencies to keep exchange rates in balance

Decisions regarding interest rates influence how much people pay for their mortgage and how much they receive from saving accounts in banks.

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