Skip to content

Glossary Business & Economy

Central bank

The institution that sets a currency's interest rates and oversees the banking system, such as the Federal Reserve, the ECB or the Bank of England.

The institution that sets a currency's interest rates and oversees the banking system, such as the Federal Reserve, the ECB or the Bank of England.

More from the glossary

Machine learning

Building software that improves at a task by finding patterns in data rather than by being…

Quantitative easing

A central bank creating money to buy bonds, pushing down longer-term interest rates when short-term rates…

Venture capital

Money invested in early-stage companies in exchange for equity, on the expectation that most will fail…

Mining

Competing to add the next block to a proof-of-work blockchain by burning computing power on a…

Back to the glossary