central bank

From King Dictionary of Contemporary English
Related topics: Banking
central bankˌcentral ˈbank noun [countable] BFBa national bank that does business with the government, and controls the amount of money available and the general system of banks
Examples from the Corpus
central bankJust how closely a central bank works with the government will vary from country to country.Consider the view that no banking and financial system can operate effectively without a central bank. 6.His present term as central bank governor expired on July 24,1992.And the government's recent promise to give the central bank independence should buttress its authority in the markets.The central bank last lowered interest rates on Dec. 14.The central bank promised to pump more money into the system if there were any further signs of instability.
From King Business Dictionarycentral bankˈcentral bankBANKING the official bank of a country, which is responsible for setting interest rates, controlling the MONEY SUPPLY, producing banknotes and making money available, and keeping the country’s supply of foreign currency and gold etcChina’s central bank said that a further decline in interest rates is unlikely.Germany has no plans to sell gold from its central bank reserves. bank