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General TradingG
Governing Council
The Governing Council is the main decision-making body of the European Central Bank, responsible for setting eurozone monetary policy. It comprises the six members of the Executive Board plus the governors of the national central banks of all eurozone countries.
Example
“When the ECB's Governing Council announced a surprise 50 basis point rate hike instead of the expected 25, EUR/USD surged over 100 pips within minutes.”