lender of last resort

noun

1. the central bank of a country with authority for controlling its banking system

Example Sentences

Mr Drakeford said the Welsh government had "stepped in as the lender of last resort" when the WRU "weren't able to sustain" payments on an earlier Covid loan.

From BBC

The IMF is often described as a "lender of last resort".

From BBC

The bank is the lender of last resort and experts say its status has been abused by the government, led by President Nana Akufo-Addo, and the rules of the bank have been broken.

From BBC

It is not a commercial bank that has to make a profit, so the loss should not affect its routine operations and as the lender of last resort it can always create its own money.

From BBC

Milei's dollarization plan has sharply divided opinion: his backers argue it is the solution to inflation near 115% while detractors say it an impractical idea that would sacrifice the country's ability to set interest rates, control how much money is in circulation and serve as the lender of last resort.

From Reuters