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
Bodies of the European Union It has 344 members, organised in political groups, appointed every four years by the Council. The European Investment Bank is the European Union's long-term lending institution. The EIB supports the EU's priority objectives, especially boosting sustainable growth and job creation. There are also three inter-institutional bodies: the Publications Office, the oldest one, which publishes and distributes official publications from the European Union bodies; and the two relatively new: the European Personnel Selection Office (EPSO), a recruitment body which organises competitions for posts within Union institutions; and the European Administrative School, which provides specific training for the staff of Union institutions.