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MARKETS TODAY :

  • EUR/USD1.1356 (+0.1711%)
  • EUR/JPY127.3500 (+0.0747%)
  • GBP/USD1.2921 (+0.8461%)
  • AUD/USD0.7625 (+0.5618%)
  • USD/CAD1.3055 (-1.0303%)
  • USD/CHF0.9615 (+0.1062%)
  • USD/CNY6.7983 (-0.1733%)
  • NZD/USD0.7296 (+0.4157%)

A central bank, or monetary authority, is a monopolized and often nationalized institution given privileged control over the production and distribution of money and credit. In modern economies, the central bank is responsible for the formulation of monetary policy and the regulation of member banks.