Bank of England

Definitions

Economics

  • noun the central British bank, owned by the state, which, together with the Treasury, regulates the nation’s finances. The Bank of England issues banknotes which carry the signatures of its officials. It is the lender of last resort to commercial banks and supervises banking institutions in the UK Its Monetary Policy Committee is independent of the government, and sets interest rates. The Governor of the Bank of England is appointed by the government.

Forex

  • The United Kingdom's central bank. The bank's principal Forex currency is the pound sterling.
  • acronymBOE

Politics

  • noun the central British bank, owned by the state, which, together with the Treasury, regulates the nation’s finances, and which since 1997 has almost complete independence to set interest rates
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