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.
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.
Latest News: Apple iPhone 11 Launch Event: Products Unveiled
TheStreet Explains:What Are Tariffs and Why Do They Move the Market?
Catch Up: Today's Top News Videos Below