central bank


Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.

Central bank

A country's main bank whose responsibilities include the issue of currency, the administration of monetary policy, open market operations, and engaging in transactions designed to facilitate healthy business interactions. See: Federal Reserve System.

Central Bank

A bank that is constituted by a government or international organization to issue and regulate currency, regulate banks under its jurisdiction, act as a lender of last resort, and generally ensure a sustainable monetary policy. Oftentimes, central banks are charged with one or more specific duties such as attempting full employment or a certain exchange rate for the currency. Most commonly, however, central banks are charged with finding the balance between maintaining low inflation and high economic growth. They do this primarily by setting interest rates at which they lend to banks under its jurisdiction which, in turn, highly influences interest rates throughout the country or region. Prominent central banks include the Federal Reserve, the Bank of England, the European Central Bank, the Bank of Japan, and the People's Bank of China.

central bank

A bank administered by a national government. A central bank issues money and carries out the country's monetary policy. The Federal Reserve System is the central bank of the United States.

Central bank.

Most countries have a central bank, which issues the country's currency and holds the reserve deposits of other banks in that country. It also either initiates or carries out the country's monetary policy, including keeping tabs on the money supply.

In the United States, the 12 regional banks that make up the Federal Reserve System act as the central bank. This multibank structure was deliberately developed to ensure that no single region of the country could control economic decision-making.

central bank

a country's leading BANK generally responsible for overseeing the BANKING SYSTEM, acting as a ‘clearing’ banker for the COMMERCIAL BANKS (SEE CLEARING HOUSE SYSTEM) and for implementing MONETARY POLICY. In addition, many central banks are responsible for handling the government's budgetary accounts and for managing the country's external monetary affairs, in particular the EXCHANGE RATE.

Examples of central banks include the USA's Federal Reserve, Germany's Deutsche Bundesbank, France's Banque de France and the European Union's EUROPEAN CENTRAL BANK. (For a more detailed discussion of a central bank's activities see the BANK OF ENGLAND entry).

central bank

a country's leading BANK, generally responsible for overseeing the BANKING SYSTEM, acting as a ‘clearing’ banker for the COMMERCIAL BANKS (see CLEARING HOUSE SYSTEM) and for implementing MONETARY POLICY. In addition, many central banks are responsible for handling the government's budgetary accounts and for managing the country's external monetary affairs, in particular the EXCHANGE RATE.

Examples of central banks include the USA's Federal Reserve Bank, Germany's Deutsche Bundesbank, France's Banque de France and the European Union's EUROPEAN CENTRAL BANK. (For a more detailed discussion of a central bank's activities see the BANK OF ENGLAND entry.)

References in periodicals archive ?
The final section examines the extent to which these studies either explain the current movement toward greater central bank independence or highlight unresolved questions in this debate.
Main objective of the MoU was to emphasise the significance which Central Bank of the UAE attaches to the subject of banking cooperation with international supervisory and monetary authorities.
The programme is aimed at assisting the Central Bank of Montenegro in their preparations for joining the European System of Central Banks (ESCB), once the country has qualified for EU membership.
The central bank on Thursday gave banks and financial institutions three days to submit details of any assets or transactions made by the Syrian officials.
The governor of the Central Bank of the UAE, Sultan bin Nasser Al Suwaidi, has said that job creation in emerging economies like the UAE will not depend on government related entities but on small and medium-sized enterprises.
CONTACT: Ray Colonius of Community Central Bank Corp.
It is worth noting that after the PPK's decision Prime Minister Ahmet Davutoy-lu said he thought the interest rate would continue to decrease and that it is normal for him to meet with the central bank.
Pakistan's central bank cut its key discount rate to 8.
The Indian Reserve Bank has signed a pact with Central Bank of Kenya for the exchange of information and supervisory cooperation.
The central bank announced a rise in its reserves of pure gold about / 90 / ton, after baying 60 tons during the last two months.
BEIRUT: Seven months after Lebanon's Central Bank announced that it would set aside $400 million for startups, the program is in full swing with the bank touting the initiative to encourage budding businesses and with local venture capital firms using it to fund new Lebanese technology companies.
The Egyptian central bank has relaxed restrictions on foreign currency transfers abroad, a central bank official said on Tuesday, allowing individuals to make a one-time transfer abroad of up to $100,000 this calendar year.

Full browser ?