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

Her biography on a Labour Party website from 2010 said: "Rachel has previously worked as an economist for the Bank of England, the British Embassy in Washington and at Halifax Bank of Scotland."

From BBC

But the path of inflation going forward is unusually uncertain and Bank of England officials, who decide whether to raise or cut interest rates, are divided.

From BBC

The benchmark - or base - rate, set by the Bank of England currently stands at 4.75%.

From BBC

However, the rate, which is closely monitored to determine interest rates, is now back above the Bank of England's 2% target.

From BBC

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

From NewsForKids.net