The activities of the Central Bank of Ireland are managed and controlled by which body?

• A. European Central Bank
• B. European Commission
• C. Central Bank Commission
• D. Minister for Finance

Answer: (C)

Central banks are run by a governing board that sets policy, approves budgets, and oversees the institution’s operations. In Ireland, the activities of the Central Bank are managed and controlled by its governing body—the Central Bank Commission—which includes the Governor as chair and other members appointed to provide independent oversight. This structure keeps day-to-day management with the bank itself, while maintaining public accountability and strategic direction. The European Central Bank coordinates euro-area monetary policy and provides overarching supervision, but it does not run the Irish central bank. The European Commission is a broader EU policy body, not a national central bank’s governance organ, and the Minister for Finance is a political figure rather than the bank’s management authority. So, the Central Bank Commission is the body responsible for managing and controlling the Central Bank of Ireland’s activities.