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the claim

The central bank controls the money supply.

the verdict
CONTESTED PARTIAL
Recorded sources
7 sources for · 2 against

Counts group repeated records of the same source within each side. They do not measure evidence strength or source independence.

Is it true that the central bank controls the money supply?

Partly. Several reference and textbook sources say central banks can and do adjust the money supply, mainly through open market operations and the monetary base. Other sources note that modern central banks generally no longer target the money supply directly, focusing on interest rates, and that money creation also depends on commercial banks.

Verdict: CONTESTED PARTIAL · 7 sources for, 2 against · Last checked

The private library was unavailable for some searches in this check. Missing library results are not evidence against the claim.

Evidence for · 7
Central bank
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Central bank. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Central_bank

Evidence against · 2
Money supply
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Money supply. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Money_supply

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More for · 6
Money Supply as the Target of the Central Bank
2014
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Jędruchniewicz, A. (2014). Money Supply as the Target of the Central Bank. doi.org. https://doi.org/10.2478/foli-2014-0109

Exogenous Money Supply
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Exogenous Money Supply. (n.d.). economics.stackexchange.com. https://economics.stackexchange.com/questions/41871

Commercial Banks and the Money Supply
1974
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Commercial Banks and the Money Supply. (1974). doi.org. https://doi.org/10.1007/978-1-349-06800-5_25

Macroeconomic essentials : understanding economics in the news
2010
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1943-, K. P. (2010). Macroeconomic essentials : understanding economics in the news. archive.org. https://archive.org/details/macroeconomicess0000kenn_f0u1

Macroeconomics for developing countries : an introductory text
1990
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1944-, C. P. (1990). Macroeconomics for developing countries : an introductory text. archive.org. https://archive.org/details/macroeconomicsfo0000cook

Monetary Policy and Central Banking
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Monetary Policy and Central Banking. (n.d.). imf.org. https://www.imf.org/en/about/factsheets/sheets/2023/monetary-policy-and-central-banking

More against · 1
A Systematic Review of Money Creation Theories in Conventional Banking
2025
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Talebi, M., Sarvestani, H. H., Nouri, M., & Navabpour, A. (2025). A Systematic Review of Money Creation Theories in Conventional Banking. doi.org. https://doi.org/10.30497/ifr.2025.246810.1924

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held for human review17 Oct 2026
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