The management report is an integral part of the ECB's Annual Accounts and is designed to provide readers with contextual information related to the financial statements. Given that the ECB's activities and operations are undertaken in support of its policy objectives, its financial position and...

The ECB is part of the Eurosystem, the primary objective of which is to maintain price stability. The ECB's main tasks, as described in the Statute of the ESCB, comprise the implementation of the monetary policy of the European Union, the conduct of foreign exchange operations, the management of...

This management report is an integral part of the ECB's annual financial reporting. It provides readers with contextual information on the business of the ECB, its operational framework and the impact of the ECB's operations on its financial statements. This report provides information on the...

The management report is an integral part of the ECB's Annual Accounts and is designed to provide readers with contextual information related to the financial statements. Given that the ECB's activities and operations are undertaken in support of its policy objectives, the ECB's financial...

The management report is an integral part of the ECB's Annual Accounts and is designed to provide readers with contextual information related to the financial statements. Given that the ECB's activities and operations are undertaken in support of its policy objectives, the ECB's financial...

This management report is an integral part of the ECB's annual financial reporting. It provides contextual information that enables readers to better understand the business of the ECB, its operational framework and the impact of the ECB's operations on its financial statements. This report...