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 remains in a tough spot as inflation remains elevated while economic growth is relatively weak.

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While spillovers from French political developments onto the euro should remain contained, the Bank of England’s persistent restrictive policy stance is likely to limit any sterling falls ahead of November’s U.K. autumn budget, he says.

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However, markets continue to price in minimal odds of a Bank of England rate cut in November, limiting sterling’s losses, they say.

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Concerns that an AI bubble is forming have mounted in recent days, following warnings from the Bank of England and the International Monetary Fund that valuations appear stretched.

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U.K. consumers felt a little better about their finances this month as the Bank of England lowered borrowing costs, though sentiment remains weak amid wider economic turmoil.

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