The Governing Council comprises the six members of the Executive Board and the governors of the national central banks of the Member States which have adopted the euro. The Governing Council takes decisions with a simple majority according to the “one member, one vote” principle.
The responsibilities of the Governing Council are: •  to adopt the guidelines and take the decisions necessary to ensure the performance of the tasks entrusted to the Eurosystem;  •  to formulate the monetary policy of the euro area, including, as appropriate, decisions relating to intermediate monetary objectives, key interest rates and the supply of reserves in the Eurosystem; and  •  to establish the necessary guidelines for the implementation of the single monetary policy.