Bank of England

Bank of England

n

(Economics, Accounting & Finance / Banking & Finance) 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

Thesaurus

Noun

1.

Bank of England - the central bank of England and Wales central bank - a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government