central bank - AshokBhat/investing GitHub Wiki
- Manages the currency, money supply, and interest rates of a state or formal monetary union
Functions of a central bank may include:
- Implement monetary policies.
- Set the official interest rate and ensure that this rate takes effect via a variety of policy mechanisms
- Manage inflation
- Manage the country's exchange rate
- Control the nation's entire money supply
- Government's banker
- Manage the country's foreign exchange and gold reserves
- Manage government bonds
- Regulate and supervise the banking industry
- Bankers' bank ("lender of last resort")
- Federal Reserve | ECB | BoJ | BoE | RBI