Simple Definition of central bank
: a bank that does business with other banks and with the government and that controls a country's money supply and interest rates
Full Definition of central bank
: a national bank that operates to establish monetary and fiscal policy and to control the money supply and interest rate
First Known Use of central bank
Learn More about central bank
Britannica.com: Encyclopedia article about "central bank"
Seen and Heard
What made you want to look up central bank? Please tell us where you read or heard it (including the quote, if possible).