Bank of England

noun

1. the central bank of the United Kingdom, which acts as banker to the government and the commercial banks. It is responsible for managing the government's debt and implementing its policy on other monetary matters: established in 1694, nationalized in 1946; in 1997 the government restored the authority to set interest rates to the Bank

Example Sentences

The Bank of England says it will honor Alan Turing on a new 50-pound banknote.

From NewsForKids.net

That has created a headache for borrowers hoping costs were on a consistent downward trend, especially in light of the Bank of England cutting the benchmark interest rate earlier this month.

From BBC

The UK must "rebuild relations" with the EU "while respecting the decision of the British people" who voted to leave in 2016, the Bank of England's governor will say later.

From BBC

The Bank of England closely watches the jobs data when making decisions on interest rates.

From BBC

Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey have both said they will continue to make the argument for free trade.

From BBC