central bank

noun

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

Examples of central bank in a Sentence

Recent Examples on the Web The central bank began its quantitative tightening campaign in March 2022, raising interest rates to between 5.25% and 5.5% in an attempt to wrangle inflation to its 2% target. Rocio Fabbro, Quartz, 18 Apr. 2024 Capital Economics said in a note early Sunday that increased tension in the Middle East likely gives the Federal Reserve even more cause to go slow on rate cuts, as oil prices could disrupt the central bank’s battle against inflation. Jason Ma, Fortune, 15 Apr. 2024 Banks, including JPMorgan, have brought in record profits, boosted by NII, as the central bank raised interest rates. Nicole Goodkind, CNN, 12 Apr. 2024 That combination of elevated inflation and economic fortitude offers the Fed an opportunity to hold rates steady at highly elevated levels, since the central bank runs little immediate risk of triggering a downturn, Fed Chair Jerome Powell said last week, before the latest inflation reading. Max Zahn, ABC News, 11 Apr. 2024 That has left consumers and investors wondering if the central bank, who until recently were widely expected to cut its benchmark interest rate in June, could push back that timeline several months, or even into 2025. Aimee Picchi, CBS News, 10 Apr. 2024 By raising the cost of borrowing money, the central bank has tried to reduce demand for goods and services, ultimately pushing price growth down. Rob Wile, NBC News, 10 Apr. 2024 The central bank's policymakers started raising rates two years ago to try to tame inflation, which by mid-2022 was running at a four-decade high. Democrat-Gazette Staff From Wire Reports, arkansasonline.com, 6 Apr. 2024 But now, with the U.S. economy showing surprising vigor, a different question has arisen: Will the central bank really cut rates three times this year, as the Fed itself has predicted — or even cut at all? Christopher Rugaber, Fortune, 6 Apr. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'central bank.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1841, in the meaning defined above

Time Traveler
The first known use of central bank was in 1841

Dictionary Entries Near central bank

Cite this Entry

“Central bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/central%20bank. Accessed 24 Apr. 2024.

Legal Definition

central bank

see bank

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