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.
bank / bench
'die Bank' and 'die Notenbank' can both have to do with money and the financial system. In everyday language, 'die Bank' usually means a company where individuals or businesses have accounts, transfer money, or get loans. 'die Notenbank', on the other hand, is a central institution for the currency of a country or currency area. For example, it is responsible for monetary policy and banknotes. The words can be confused because 'Notenbank' contains the word 'Bank'. Even so, you do not go to the Notenbank to open a normal account.
Die Notenbank entscheidet, wie sie die Preise im Land stabil halten will.
The central bank decides how it wants to keep prices stable in the country.
Nach der Arbeit geht Mehmet zur Bank, weil er ein neues Konto eröffnen möchte.
After work, Mehmet goes to the bank because he wants to open a new account.