Central banks have many roles and responsibilities, but their most important job is to induce price stability. The oldest bank in the world, the sueries rick bank in sweden began operations way back in 16 68. It's been a staple of the central bank constitution since. More often than not, they dabble with interest rates. Higher interest rates often translate to a higher cost of borrowing.
In today’s episode for 29th January 2022, we see how the US Federal Reserve can come to affect market participants across the world