central bank

Definitions

Accounting

  • noun the main government-controlled bank in a country, which controls that country‚Äôs financial affairs by fixing main interest rates, issuing currency, supervising the commercial banks and trying to control the foreign exchange rate

Forex

  • (written as Central Bank)
    An institution, either governmental or closely tied to the government that controls the monetary policy for a nation, by changing interest rates, regulating amounts of currency in circulation, and other methods. The Bundesbank of Germany is an example of a central bank, as is the Federal Reserve of the United States.

Politics

  • noun the main government-controlled bank in a country, which sets interest rates and issues currency and tries to control the foreign exchange rate
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