Central Bank

A central bank, reserve bank, or monetary authority is a public institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. Central Bank increases the nation’s monetary base, and usually also prints the national currency, which usually serves as the nation’s legal tender. Examples include the European Central Bank (ECB), the Federal Reserve of the United States, and the People’s Bank of China.