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English definition of “central bank”

central bank

noun [C]
 
 
(also national bank, also reserve bank)
BANKING, FINANCE, GOVERNMENT the official bank of a country, whose responsibilities typically include making money available and controlling interest rates: Japan's central bank has held its key interest rate unchanged at 0.1%.
→ See also the European Central Bank
(Definition of central bank from the Cambridge Business English Dictionary © Cambridge University Press)
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