Concept:
The magnetic field produced by a circular current loop is determined using the Biot-Savart Law. For a point at the center of the loop, the field magnitude depends on the current and the radius, while the direction follows the right-hand grip rule.
Step 1: {Determine the magnitude of the magnetic field.}
For a circular loop of radius $R$ carrying a steady current $I$, the formula for the magnetic field $B$ at the center is:
$$B = \frac{\mu_0 I}{2R}$$
Step 2: {Determine the direction using the right-hand rule.}
The loop is situated in the $xy$-plane with an anticlockwise current. By curling the fingers of the right hand in the anticlockwise direction, the thumb points vertically upwards along the positive $z$-axis ($+\hat{z}$).
Step 3: {Final vector representation.}
Combining the calculated magnitude and the determined direction gives the final magnetic field vector at the center:
$$\vec{B} = \frac{\mu_0 I}{2R} \hat{z}$$