Bank of England

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Bank of England

n
(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

Bank of England

The UK’s central bank, which acts as the government’s banker and implements its monetary policies, as well as regulating the banking industry.
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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
References in periodicals archive ?
The Old Lady of Threadneedle Street forked out PS66,941 on a public consultation between March 30 and May 12 following a furious backlash from vegans and religious groups at the tallow found inside polymer PS5 and PS10 notes.
The Old Lady of Threadneedle Street forked out PS66,941 on a public consultation between March 30 and May 12 following a furious backlash from vegetarians, vegans and religious groups at the tallow found inside polymer PS5 and PS10 notes.
He may have brought down Barings Bank after 233 years of trading, but the Old Lady of Threadneedle Street deserved more respect.