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Bank of England
(redirected from The Bank of England)

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
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
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Noun1.Bank of England - the central bank of England and WalesBank 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


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Byline: ALEX TURNER THE deputy governor of the Bank of England was in Cheshire yesterday as part of a tour of the regions to explain its quantitative easing policy.
If she looks at the Bank of England website, she might learn that no banknotes (including Bank of England) are legal tender in Scotland.
Lord George also played an integral role when the new Labour government granted the Bank of England independence in May 1997, shortly after coming to power.
 
 
 
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