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central bank

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central bank

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Also known as reserve bank, national bank, monetary authority

public institution that manages a state's currency, money supply, and interest rates

AI overview

A central bank is a public institution that manages a country's currency, controls how much money is in circulation, and sets interest rates. It matters because these decisions affect inflation, employment, and the overall health of the economy.

AI-generated from the Wikipedia summary — may contain errors.

~40 min read

Encyclopedic overview

Funds transfer

Cheque

Excerpted from Wikipedia’s “central bank” article, available under the CC BY-SA 4.0 licence.

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