跟读练习: The ECB Explained in 3 Minutes - 通过视频学习英语口语

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The European Central Bank and the Euro system explained.
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This is Sara.
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Sara's currently traveling around Europe.
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She finds it very convenient to buy things with euros in many different places without having to change money.
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And it's easy for her to compare prices across different countries.
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Sara wonders who's looking after the euro.
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Well, that's the job of the European Central Bank based in Frankfurt and the central banks of the countries that use the euro.
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All together, they form the euro system.
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The main task of the ECB is to define and implement monetary policy for the euro area.
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This means maintaining price stability.
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In other words, keeping inflation rates at 2 % over the medium term.
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The ECB views inflation symmetrically, meaning that high inflation and low inflation are equally as negative.
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But what does all this have to do with SARA?
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Persistently low inflation harms the economy, but so does high inflation.
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High inflation means that prices rise rapidly.
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So over time SARA would get fewer goods and services for the same amount of money.
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So the euro system works hard to bring inflation back to its 2 % target over the medium term.
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The ECB has several monetary policy tools that it can use.
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The most common of these are the decisions it takes on key interest rates.
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This, among other tools, influences the financing conditions for the euro area economy.
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But who makes these decisions?
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Important decisions are taken by the governing council of the European Central Bank.
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This body is made up of all the heads of the national central banks of the euro area countries
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and the members of the European Central Bank's executive board.
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But council members don't represent their own country.
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They vote in a fully independent capacity in the interests of the euro area as a whole.
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And decisions are taken collegially with each member having a say.
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So it's not just the president of the European Central Bank taking decisions alone.
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The Euro system also has several other tasks such as ensuring the smooth operation of payment systems,
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making it faster, safer and easier to make cashless Euro payments throughout Europe, holding and managing official reserves in foreign currencies and other assets,
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and collecting and compiling a wide range of statistics.
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The European Central Bank is also responsible for authorizing the issuance of Euro banknotes, some of which will end up in Sara's pocket.
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And since 2013, the ECB has supervised the European banks to make sure they're doing their job correctly and can resolve any problems they encounter.
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So, as Sara continues her trip around Europe, she now has a clear idea of what and who is behind the euro.
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And she understands how the European Central Bank and the national central banks affect people in the euro area wherever they live,
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study, travel or work.

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核心词汇与短语

  • monetary policy:货币政策
  • price stability:价格稳定
  • inflation:通货膨胀
  • key interest rates:关键利率
  • payment systems:支付系统
  • symmetrically:对称地(此处指ECB对高通胀和低通胀一视同仁)

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什么是跟读法?

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