Governing Council of the European Central Bank Governing Council of the European Central Bank The Governing Council of the European Central Bank is the main decision-making body of the European Central Bank (ECB) and has "sole responsibility" for formulating monetary policy in the Eurozone. It comprises the members of the Executive Board of the European Central Bank and the governors of the national central banks (NCBs) of the eurozone countries. The Governing Council is responsible for formulating monetary policy for the Eurozone. Specifically: In general, the Governing Council (GC) meets twice a month at the Eurotower in Frankfurt, Germany. The first meeting is the most important and
Terminology Coordination Unit of the European Parliament the Regions, the Court of Auditors and the Translation Centre for the Bodies of the European Union. The European Court of Justice, the European Investment Bank and the European Central Bank are also involved in providing specialised terminology, which is in some cases compiled in cooperation with national authorities. Finally, the contribution of all EU agencies, coordinated by the Translation Centre, is extremely valuable. The IATE database is managed by an inter-institutional team chaired in turn by one of the institutions which contribute to IATE and its funding. It is currently chaired by the Translation Centre, which houses the team