Central Bank

Definition

The generic name given to a country's primary monetary authority, such as the Federal Reserve System in the U.S. Usually has responsibility for issuing currency, administering monetary policy, holding member banks' deposits, and facilitating the nation's banking industry.

Use Central Bank in a sentence

I worked at a central bank and loved my job there, which gave me a lot of benefits and was a lot of fun.

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You should always try and have a good reputation with any central bank so you can borrow from them agian.

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The central bank was responsible for setting the interest rates so we had to see how bond prices would respond.

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national central bank equilibrium rate of interest