The European Central Bank (ECB) and the euro area national central banks, such as Banco de Portugal, are the authorities responsible for defining and implementing monetary policy in euro area countries.
Discover in these videos the brief history of the economic and monetary union and the adoption of the single currency. In an accessible way, you will understand how the maintenance of price stability, the main objective of the Eurosystem's central banks, has direct consequences on the maintenance of purchasing power and, therefore, on your wallet!
How is inflation related to price stability, and to interest rates? And how is it that all these concepts are not limited to filling the pages of newspapers, but directly affect our daily lives?
In these resources, essentially in video and with a young and appealing language and graphics, the primary objective of central banks is uncomplicated: keeping prices stable and preventing sudden changes in the purchasing power of citizens through the application of monetary policy instruments.