English Explanatory Dictionary

central bank

English dictionary entry

Meanings

noun
  1. The principal monetary authority of a polity or monetary union, which normally implements monetary objectives by controlling interest rates, issuing currency, managing the national debt, overseeing banking and financial activities, and regulating the supply of money.

Pronunciation

/ˌsɛntɹ(ə)l ˈbæŋk/ /ˌsɛntɹəl ˈbæŋk/ LL-Q1860 (eng)-Naomi Persephone Amethyst (NaomiAmethyst)-central bank.wav LL-Q1860 (eng)-Flame, not lame-central bank.wav

Word forms

central bank central banks

Etymology

From central (adjective) + bank (noun).

Synonyms

national bank reserve bank

Related words

fractional reserve banking

Derived words

central banker central bankism
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