Tag: Central Banks

Central Banks are the backbone of a nation’s economy – they are responsible for managing a country’s monetary policy, providing financial advice, setting lending rates, and acting as a lender of last resort. They create financial stability and ensure adequate liquidity in the banking system, making them an indispensable cornerstone in how our economy functions. Central Banks control money supply, issue currency, and regulate the banking industry. Major central banks around the world include the U.S. Federal Reserve, the European Central Bank, the Bank of Japan, and the Bank of England. With their actions and guidance, central banks can help foster economic growth and promote international economic stability.