central bank
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central bank
A central state or supranational institution responsible for the monetary and currency policy of a currency area. Its main tasks include issuing banknotes and controlling the money supply to ensure price stability.
Die Europäische Zentralbank ist die Notenbank für die Länder der Eurozone.
The European Central Bank is the central bank for the countries of the eurozone.
The word is composed of 'Noten' and 'Bank'. 'Noten' here is the short form of 'Banknoten' (banknotes). A Notenbank is therefore literally the bank that has the right to issue banknotes.
Die Notenbank ist für die Ausgabe neuer Geldscheine verantwortlich.
The central bank is responsible for issuing new banknotes.
In connection with central banks, you often hear about typical monetary policy measures. These include: 'den Leitzins erhöhen/senken' (to raise/lower the key interest rate), 'die Geldmenge steuern' (to control the money supply), or 'die Inflation bekämpfen' (to fight inflation).
Die Notenbank hat beschlossen, den Leitzins unverändert zu lassen.
The central bank has decided to leave the key interest rate unchanged.
'Notenbank' (central bank) is a technical term from economics and politics. You mainly find it in the news, specialist texts, and official documents.
In den Wirtschaftsnachrichten wurde über die neue Strategie der Notenbank berichtet.
The business news reported on the central bank's new strategy.
central bank
Zentralbank and Notenbank can refer to the same institution responsible for monetary and currency policy. Zentralbank is the broader standard term. Notenbank traditionally places more emphasis on the institution's role in issuing banknotes, without excluding its other responsibilities.
Die Notenbank gibt neue Banknoten für den Währungsraum aus.
The central bank is issuing new banknotes for the currency area.
Die Zentralbank steuert die Geldmenge und beaufsichtigt andere Banken.
The central bank controls the money supply and supervises other banks.
