The central bank posts an interest rate that is the rate at which these member banks can borrow.

中央银行设定一个利率,这个利率是这些会员银行可以借进的利率。

耶鲁公开课 - 金融市场课程节选

That's because it replaced central banks of the member countries of the European Union.

这是因为它代替了,欧盟成员国家的中央银行。

耶鲁公开课 - 金融市场课程节选