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Explainers

Our explainers translate complex topics into plain language

Our explainers aim to make complex central banking topics understandable for all audiences. Whether you’ve ever wondered how our monetary policy decisions impact you or what bitcoin is, you can find out in our simple texts, videos and infographics.

Check out all the explainers

Where do central banks’ profits and losses come from?

The ECB and national central banks can make a profit or incur losses as a side effect of fulfilling our price stability mandate. Find out how profits and losses come about and what we do about them.

Explainer

We have raised interest rates. What does that mean for you?

We raised our interest rates again in October. Why did we do that? How do interest rate increases affect inflation? And what does our decision mean for you?

Explainer

Why does climate change matter to the ECB?

Climate change brings about two types of risks for our economy: physical and transition risks. Find out how these affect the economy and with that our objective to keep prices stable, the banks we supervise and our own exposure to climate risks.

Explainer

Can the ECB do whatever it wants?

Central bank independence is debated around the world. But why is it so important? Does it mean that central banks can do whatever they want? Find out more about the rationale behind the ECB’s independence, how we are held accountable and how this benefits you.

Why is the ECB independent?

What is the European Central Bank?

Want to know more about what the ECB does and how it relates to you in your daily life? Check out this explainer to find out.

What is the European Central Bank?

The ECB explains

In a hurry? Take a look at our one-minute video explainers. In this video, our colleague Jean-François explains how being accountable to the European Parliament helps us work for and connect with you.

Take a look at our video explainers
WANT TO KNOW MORE?

Find out more about the ECB and its monetary policy

Speak to us: the ECB Youth Dialogue

The decisions we take have an impact on your day-to-day life. That’s why we want to make sure that instead of you just hearing about us and what we do, you also have the chance to talk to us directly. The ECB Youth Dialogue gives you the chance to do exactly that.

More on the ECB Youth Dialogue

Visit us: the ECB Visitor Centre

Unfortunately, visits to the ECB are currently suspended due to the coronavirus pandemic. You can take a virtual tour of our Visitor Centre to learn about us and what the ECB does for you.

Discover the Visitor Centre

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