What are CENTRAL BANKS and how do they control INTEREST RATES? | BlackRock UK explains
What is a central bank, what exactly do they do and how do they control interest rates? WATCH our latest episode of #BlackRockBasics to learn how central banks impact our daily lives.
0:00 Intro
0:32 What is a Central Bank?
0:49 What do Central Banks do?
1:37 What is Monetary Policy?
02:16 Who are the Major Central Banks?
02:48 What are Interest Rates?
03:40 Why do Central Banks raise Interest Rates?
04:40 How do Central Banks raise Interest Rates?
04:56 Key takeaways
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