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

It comes after Wednesday’s lower-than-expected U.K. inflation data that strengthened the case for another Bank of England interest-rate cut by December and weakened sterling.

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ONS statistics are used in deciding government policy, which affects millions, and are also used by the Bank of England to make key financial decisions, such as setting interest rates.

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Kyei, who was recruited by the Canadian Prime Minister Mark Carney in his former role as the governor of the Bank of England, said topping the list was "incredibly humbling".

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Bank of England governor Andrew Bailey warned this week that the collapse of two U.S. companies with ties to private credit could signal deeper vulnerabilities in the financial system.

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Just under double the official target of 2% set for the Bank of England.

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