Bank of England

British  

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

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Example Sentences

Not only is Canada as a country hockey-mad, but so is Carney - when working as governor of the Bank of England, he would play for a recreational team in Haringey, north London.

From BBC

Still, investors will continue to watch any data closely amid increasing prospects of the Bank of England cutting interest rates in March following recent weak jobs data.

From The Wall Street Journal

Expectations that the Bank of England will lower its key interest by more than previously anticipated in the first half of this year have helped drive gilt prices up and yields down.

From The Wall Street Journal

The U.K’s rate of inflation slowed in January, furthering the chances of a rate cut by the Bank of England when policymakers next meet in March.

From The Wall Street Journal

A slowdown in inflation raises the likelihood that the Bank of England will reduce its key interest rate when it meets next month, which could in turn boost economic growth by reducing borrowing rates.

From BBC