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
Central European Summer Time Central European Summer Time Central European Summer Time (CEST), sometime referred also as Central European Daylight Time (CEDT), is the standard clock time observed during the period of summer daylight-saving in those European countries which observe Central European Time () during the other part of the year. It corresponds to , which makes it the same as Central Africa Time, South African Standard Time and Kaliningrad Time in Russia. Other names which have been applied to Central European Summer Time are Middle European Summer Time (MEST), Central European Daylight Saving Time (CEDT), and Bravo Time (after the second letter of