central bank

noun

1. a bank, as the Federal Reserve Bank, that holds basic banking reserves, issues currency, and acts as lender of last resort and controller of credit.

central bank

noun

1. a national bank that does business mainly with a government and with other banks: it regulates the volume and cost of credit

Word History and Origins

Origin of central bank¹

First recorded in 1920–25

Example Sentences

Crypto is a form of digital money that uses secure technology to work, without the need for a central bank.

From BBC

But the younger Bawumia had forged a career in economics and banking - serving as the deputy governor of Ghana's central bank.

From BBC

The latest figures added to speculation that the US central bank might not lower rates as much as had been expected in the months ahead.

From BBC

But investors also see a risk that lower taxes, less immigration and new trade barriers could keep pressure on inflation, making the US central bank more reluctant to cut interest rates.

From BBC

It comes on the heels of a half-point cut in September when the central bank pivoted to loosen monetary policy after holding rates at a two-decade high to throttle back inflation.

From Los Angeles Times