Bank of England

British

noun

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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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Bank of England rate setter Megan Greene said the BOE may raise its key interest rate if higher energy costs lead to increased wages and prices.

From The Wall Street Journal • Apr. 14, 2026

Bank of England governor Andrew Bailey said in December such displacement could mirror that seen during the Industrial Revolution.

From BBC • Apr. 7, 2026

About 1.3 million UK homeowners may face higher mortgage payments by the end of 2028 as a result of the war in the Middle East, the Bank of England has said.

From BBC • Apr. 1, 2026

Bond markets are pricing in three interest rate hikes by the European Central Bank and the Bank of England in 2026 and no cuts by the Federal Reserve.

From Barron's • Mar. 31, 2026

He made new contacts in New Orleans, shook hands with speculators backed by the Bank of England.

From "The Underground Railroad: A Novel" by Colson Whitehead

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023