Central Bank
/ˈsɛntrəl bæŋk/
Definitions
- (n.) A national or state institution authorized to issue currency, regulate the money supply, and oversee the banking system.
The central bank raised interest rates to control inflation.
- (n.) An entity responsible for implementing monetary policy to stabilize the economy.
The central bank intervened in the foreign exchange market to support the national currency.
Forms
- central bank
- central banks
Related terms
See also
Commentary
In legal drafting, specify which central bank is referred to, as powers and functions differ by jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.