central bank

noun

Definition of central bank

: a national bank that operates to establish monetary and fiscal policy and to control the money supply and interest rate

Other Words from central bank

central banker noun

Examples of central bank in a Sentence

Recent Examples on the Web The problem is that the Fed began its quest to tame inflation late, leaving the central bank little choice other than to slam the brakes on the economy by drastically raising interest rates. Matt Egan, CNN, 4 Aug. 2022 At the start of 2019, fears of recession moved the central bank to backtrack and slash rates. Shawn Tully, Fortune, 3 Aug. 2022 After the collapse of the U.S.-backed government in Kabul last summer, the Biden administration froze billions of dollars in assets belonging to Afghanistan’s central bank to prevent the assets from falling under Taliban control. Chicago Tribune, 2 Aug. 2022 Under current Salvadoran law, the government can’t use resources from the country’s central bank to pay the debt. Santiago Pérez, WSJ, 26 July 2022 The protesters had gathered in front of the Zhengzhou branch of the nation’s central bank, the People’s Bank of China. New York Times, 11 July 2022 Shadow banks are financial institutions that operate outside the central banking system, and do not have the central bank as their lender of last resort. Hersh Shefrin, Forbes, 1 July 2022 In his two days of congressional testimony, Federal Reserve Chair Jerome H. Powell reiterated the central bank’s commitment to curbing soaring inflation with aggressive monetary policy, even in the face of a possible recession. Yiwen Lu, Washington Post, 24 June 2022 The Fed chair also pointed to measures that suggest that investors expect inflation to fall back to the central bank’s 2% target over time as a sign of confidence in its policies. Christopher Rugaber, ajc, 27 July 2022 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'central bank.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of central bank

1841, in the meaning defined above

Learn More About central bank

Time Traveler for central bank

Time Traveler

The first known use of central bank was in 1841

See more words from the same year

Dictionary Entries Near central bank

Central Asian

central bank

Central Basin

See More Nearby Entries 

Statistics for central bank

Last Updated

11 Aug 2022

Cite this Entry

“Central bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/central%20bank. Accessed 17 Aug. 2022.

Style: MLA
MLACheck Mark Icon ChicagoCheck Mark Icon APACheck Mark Icon Merriam-WebsterCheck Mark Icon

More Definitions for central bank

central bank

Legal Definition of central bank

— see bank

More from Merriam-Webster on central bank

Britannica.com: Encyclopedia article about central bank

WORD OF THE DAY

Test Your Vocabulary

The Great British Vocabulary Quiz

  • union jack speech bubble
  • Named after Sir Robert Peel, what are British police called?
Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
Universal Daily Crossword

A daily challenge for crossword fanatics.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!