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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

"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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UK interest rates are expected to be held at 3.75% for a fifth time by Bank of England policymakers.

From BBC Jul. 29, 2026

While the Fed, Bank of Japan and Bank of England are likely to leave rates unchanged, a hawkish tilt could cap any gains in gold, he says.

From The Wall Street Journal Jul. 28, 2026

Recent projections by the Bank of England suggest just over five million homeowners should expect their monthly mortgage repayments to increase by the end of 2028.

From BBC Jul. 23, 2026

Experts said the softening labour market was another reason the Bank of England was likely to hold interest rates.

From BBC Jul. 22, 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

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