Monetary Authority
/ˈmʌnɪtɛri ɔːˈθɒrɪti/
Definitions
- (n.) A governmental or independent public institution responsible for regulating the issuance and supply of currency and overseeing the banking system.
The monetary authority raised interest rates to control inflation.
Forms
- monetary authority
- monetary authorities
Related terms
See also
Commentary
The term often refers specifically to a central bank or equivalent institution authorized to manage a nation's money supply and financial stability.
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.