central bank

central bank
A country's main bank whose responsibilities include the issue of currency, the administration of monetary policy, open market operations, and engaging in transactions designed to facilitate healthy business interactions. Bloomberg Financial Dictionary
See: Federal Reserve System. Bloomberg Financial Dictionary

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   A central bank is the major regulatory bank in a nation or group of nations' monetary system. Its role normally includes control of the credit system, the issuing of notes and supervision of commercial banks. It also manages the exchange reserves and the value of the national currency, and acts as the government's banker, e.g. the Bank of England, the Federal Reserve and the European Central Bank.

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central bank UK US noun [C] (also national bank, also reserve bank)
► BANKING, FINANCE, GOVERNMENT the official bank of a country, whose responsibilities typically include making money available and controlling interest rates: »

Japan's central bank has held its key interest rate unchanged at 0.1%.

→ See also THE EUROPEAN CENTRAL BANK(Cf. ↑the European Central Bank)

Financial and business terms. 2012.

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Look at other dictionaries:

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