The Bank of England is the United Kingdom's central bank. Established in 1694, it is the second oldest central bank in the world. The Bank's mission is to promote the good of the people of the United Kingdom by maintaining monetary and financial stability. It does this by setting interest rates, controlling the money supply, and managing the currency. It also plays a key role in setting economic policy, contributing to international economic developments, and ensuring the stability of the UK's financial system. The Bank works in partnership with other organisations, such as the Treasury and the Financial Conduct Authority, to ensure the UK's financial system remains strong and resilient.
The Bank of England is the UK's central bank, established in 1694. It promotes economic stability through setting interest rates, controlling the money supply, and managing the currency. It also sets economic policy and works with other organisations to ensure a strong financial system.
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