Bank of England

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

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Example Sentences

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The unfunded tax cuts announced then spooked investors, who dumped UK government bonds, resulting in the Bank of England stepping in to buy bonds to save pension funds from collapse.

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Carney, the former governor of the Bank of England, managed to survive Wednesday's French debate despite being less proficient in the country's second language.

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It follows similar comments from the Bank of England, which has said that rising trade tensions from tariffs have "contributed to a material increase in the risk to global growth" and financial stability.

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And there is even greater pressure on policymakers at the Bank of England to help boost growth by cutting interest rates, lowering the cost of borrowing for loans and mortgages.

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Prices in the UK rose by 2.6% in the 12 months to March, less than in the previous month but still above the Bank of England's target.

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bank note bank of issue

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