Central Bank Act
/ˈsɛntrəl bæŋk ækt/
Definitions
- (n.) A statutory law that establishes and regulates a nation's central bank, defining its functions, powers, and governance.
The Central Bank Act mandates the oversight functions of the national monetary authority.
Forms
- central bank act
- central bank acts
Related terms
See also
Commentary
Central Bank Acts differ by jurisdiction but commonly include provisions on currency issuance, reserve requirements, and lender of last resort functions.
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.