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Bundesbank, the

From Longman Dictionary of Contemporary EnglishBundesbank, thethe BundesbankBun‧des‧bank, the /ˈbʊndəzˌbæŋk/  the national bank of Germany. It has a lot of influence in the European system of central banks. In the past, before the Euro became the currency in Germany, the bank's decisions about rates of interest (=the additional amount you have to pay back when you borrow money) had a lot of influence on interest rates in other European countries.From Longman Business DictionaryBundesbankBun‧des‧bank /ˈbʊndəzˌbæŋk/ noun BANKINGORGANIZATIONSGermany’s central bank SYN DEUTSCHE BUNDESBANKThe Bundesbank has announced increases in its discount and Lombard rates.
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