What Is the ECB? Everything You Need to Know and More

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The European Central Bank, also known as the ECB, is in the headlines on Thursday.

The ECB is expected to unveil a major stimulus package in Frankfurt that could include deeper negative interest rates and a restart of the bank's controversial quantitative easing program.

Read more here: ECB Cuts Deposit Rate To -0.5%; Resumes QE With E20 Billion in Monthly Bond Buys

With all the news, it's hard to ignore what the ECB actually is and why it's so important.

Do we have your attention yet?

In the video above, TheStreet's Katherine Ross breaks down the official central bank of the European Union and its core differences from the United States Federal Reserve.

This is something you don't want to miss, investors.

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