A government bank that regulates a country's banks and manages a nation's monetary policy. The Federal Reserve is the central bank in the United States, whereas the European Central Bank ( ECB) is the central bank of the European Monetary Union. Chicago Mercantile Exchange Glossary
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A central bank is the major regulatory bank in a nation or group of nations' monetary system. Its role normally includes control of the credit system, the issuing of notes and supervision of commercial banks. It also manages the exchange reserves and the value of the national currency, and acts as the government's banker, e.g. the Bank of England, the Federal Reserve and the European Central Bank.
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central bank UK US 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%.
Financial and business terms. 2012.