Bank of England

British

noun

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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

It has meant that the Bank of England has been able to cut interest six times since August 2024 to 3.75%.

From BBC

On the bright side, a loosening labor market should support the call for interest-rate cuts at the Bank of England’s coming meetings, which could support sentiment longer term.

From The Wall Street Journal

In turn, interest rates set by the Bank of England are also set to continue to fall.

From BBC

“The world economy in terms of activity and trade was more robust than we feared it would be,” Bank of England Governor Andrew Bailey told lawmakers Tuesday.

From The Wall Street Journal

Bank of England Governor Andrew Bailey said it is possible that he will back another rate cut at the March meeting of policymakers.

From The Wall Street Journal

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023