A central bank is a financial institution responsible for managing a country’s money supply, interest rates, and currency stability.
Central banks implement monetary policies, influencing economic growth and controlling inflation. They issue and withdraw currency, manage foreign exchange reserves, and serve as a crucial component in maintaining financial stability.
Some of the most important central banks in the world are the following: Bank of Japan (BoJ), Federal Reserve (Fed) of the United States, European Central Bank (ECB) and Bank of England (BoE).
