Words / C / Business

central bank

noun

B1CEFR level
25/100Rarity: fairly common
TechnicalRegister

The public institution responsible for managing a country's currency, money supply and interest rates.

The central bank is fiercely protective of its independence from short-term political pressure.

Topic: Economics in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Economics