eurojärjestelmän

The eurojärjestelmän, or Eurosystem, is the central banking system of the euro. It comprises the European Central Bank (ECB) and the national central banks (NCBs) of the EU member states whose currency is the euro. The Eurosystem's primary objective is to maintain price stability in the euro area. This means keeping inflation at or below 2% over the medium term.

The ECB, located in Frankfurt, Germany, is the main decision-making body of the Eurosystem. It sets the monetary policy for the entire euro area. The NCBs are responsible for implementing this monetary policy within their respective countries. They also play a role in financial supervision and contributing to the stability of the financial system.

The Eurosystem's tasks include conducting foreign exchange operations, managing the foreign reserves of the euro area countries, and promoting the smooth operation of payment systems. It also contributes to the formulation and implementation of economic policies in the euro area, while ensuring that this does not prejudice the objective of price stability. The Eurosystem is a key pillar of economic governance in the European Union, working to ensure the stability and prosperity of the euro.