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Definition of Central bank
1. Noun. A government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government.
Generic synonyms: Financial Institution, Financial Organisation, Financial Organization
Specialized synonyms: European Central Bank, Fed, Federal Reserve, Federal Reserve System, Frs, Bank Of England, Bundesbank, Bank Of Japan
Specialized synonyms: European Central Bank, Fed, Federal Reserve, Federal Reserve System, Frs, Bank Of England, Bundesbank, Bank Of Japan
Definition of Central bank
1. Noun. The principal monetary authority of a country or monetary union; it normally regulates the supply of money, issues currency and controls interest rates. It usually oversees banking activity within its country's borders. ¹
¹ Source: wiktionary.com