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Central bank

A national monetary authority, such as the U.S. Federal Reserve, European Central Bank, Bank of England, or Bank of Japan, which regulates the money supply and credit, issues currency, and manages the rate of exchange.

Related Articles:
  • Glossary: Bank of England
  • Glossary: Bank of Japan
  • Don’t Fight the Fed
  • To Infinity and Beyond
  • Glossary: Strong-dollar monetary policy

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