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

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Other Words from central bank

central banker noun

Examples of central bank in a Sentence

Recent Examples on the Web Despite government and central bank efforts to regulate the foreign currency rate, a parallel market has thrived and inflation is soaring as the dollar becomes increasingly scarce. Washington Post, "Lebanese major retailers to shut down amid economic crisis," 2 July 2020 The assumption that the central bank is going to intervene in such situations creates an illusion of safety around banks. Vivek Kaul, Quartz India, "What India’s PMC Bank scam can teach you about managing your money," 1 July 2020 The Russian central bank sees little room for improvement in coming years without structural reform. Ilya Arkhipov, Fortune, "With approval ratings at an all-time low, Putin is making moves to stay in power until he’s 83," 28 June 2020 The central bank slashed interest rates, bought trillions of dollars of securities, and has backstopped the corporate bond market for the first time. John Detrixhe, Quartz, "How the retail trading boom is shaking up the US stock market," 23 June 2020 Since early February the central bank has bought $1.7trn of federal debt, equivalent to 163% of the government’s entire net issuance in 2019. The Economist, "From yields to maturity The Fed has been supporting markets. Now it must find ways to boost growth," 20 June 2020 Russia’s central bank slashed its benchmark interest rate to a post-Soviet low as the economy enters a deep recession fueled by the fall in oil prices and the coronavirus pandemic. Georgi Kantchev, WSJ, "Russia Cuts Interest Rates to Post-Soviet Low," 19 June 2020 The central bank last cut its interest rate target on March 15 to between 0% and 0.25% in an emergency response to the pandemic. Jay Heflin, Washington Examiner, "Federal Reserve sees interest rate target near zero through 2022," 10 June 2020 Belgazprombank, which Mr Lukashenko alleges to be a tool of Russian influence, has been placed under the administration of the central bank. The Economist, "Miffed in Minsk Waving slippers at the “cockroach” president of Belarus," 20 June 2020

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.

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First Known Use of central bank

1841, in the meaning defined above

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Time Traveler for central bank

Time Traveler

The first known use of central bank was in 1841

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Last Updated

5 Jul 2020

Cite this Entry

“Central bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/central%20bank. Accessed 8 Jul. 2020.

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More Definitions for central bank

central bank

noun

English Language Learners 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

central bank

Legal Definition of central bank

see bank

More from Merriam-Webster on central bank

Rhyming Dictionary: Words that rhyme with central bank

Britannica.com: Encyclopedia article about central bank

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