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Find on this page key concepts in simple words explained by the ECB.
The role of the BCL
The Banque centrale du Luxembourg provides a variety of analyses to support the Governor in taking informed monetary policy decisions, and as part of the Eurosystem, is responsible for the implementation of the single European monetary policy in Luxembourg.
In addition, the Banque centrale du Luxembourg contributes specialist insight on developments in the Luxembourg economy to discussions within the Eurosystem.
The Banque centrale du Luxembourg prepares macro-economic projections, either independently or jointly with the other central banks in the euro area. Bank staff develop and maintain tools for the projections and also conduct economic research in the areas of interest of the Banque centrale du Luxembourg.
The BCL bulletins provide regular assessments of the economic situation in the euro area and in Luxembourg.