chapter 2 Financial English英语知识课件.pptVIP

What are the functions of a central bank? Functions of a central bank (not all functions are carried out by all banks) managing the countrys foreign exchange and gold reserves and the Governments stock register regulating and supervising the banking industry setting the official interest rate – used to manage both inflation and the countrys exchange rate – and ensuring that this rate takes effect via a variety of policy mechanisms 1.Central Bank Major Responsibilities of the PBC Under the guidance of the State Council, the PBC formulates and implements monetary policy, prevents and resolves f