The purpose of ECB statistics is to provide all the data necessary in order to undertake the tasks of the European System of Central Banks. Although the main task is the conduct of monetary policy for the euro area, ECB statistics are also provided to the European Systemic Risk Board for the macro-prudential oversight of the financial system. In addition, the ECB makes these statistics and supporting information available to both the general public and market participants.
A memorandum of understanding sets out the responsibilities of the ECB and the European Commission (i.e. Eurostat) as regards economic and financial statistics at the European Union level: