{"iri":"https://folio.openlegalstandard.org/RBK60WFmXaKPDEXd5H5DQ","label":"Central Bank","sub_class_of":["https://folio.openlegalstandard.org/R9TyJ8yqLicto5rFa8puek4"],"parent_class_of":[],"is_defined_by":null,"see_also":["Monetary Authority"],"comment":null,"deprecated":false,"preferred_label":"Reserve Bank","alternative_labels":["National Bank"],"translations":{},"hidden_label":null,"definition":"A central bank is a national financial institution responsible for managing a country's monetary policy, issuing currency, and regulating the banking sector to ensure financial stability. Central banks play a crucial role in controlling inflation, setting interest rates, and serving as a lender of last resort to commercial banks during financial crises.","examples":["Federal Reserve"],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}