Synonyms: Central Banks

A central bank is in charge of providing financial services and advice to a country’s government and its commercial, domestic banks.

A central bank is responsible for implementing the government’s financial policies by, for example, manipulating interest rates.

The Major Central Banks

  • U.S. Federal Reserve System – The Fed
  • European Central Bank – ECB
  • Bank of England – BoE
  • Bank of Japan – BoJ
  • Swiss National Bank – SNB
  • Bank of Canada – BoC
  • Reserve Bank of Australia – RBA
  • Reserve Bank of New Zealand – RBNZ

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