Series 79: The Role Of The Central Banks

The Role of the Central Banks

A country’s monetary policy is typically administered by the country’s official central bank. Although they are not as omnipotent as their most fervent detractors or admirers sometimes suggest, central banks wield tremendous power over their nations’ economies. A central bank typically issues a country’s currency, regulates its money supply and interest rate, and attempts to ensure the stability of its financial system. Most central banks are c