Completion of the Sale of the Social Housing Lending Business to Nationwide Building Society

Completion of the Sale of the Social Housing Lending Business to Nationwide Building Society The Bank of England has today completed the sale and transfer of the social housing loans (and related deposits from housing associations) held by its wholly-owned […]

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About The Bank

The Bank of England is the central bank of the United Kingdom. Sometimes known as the 'Old Lady' of Threadneedle Street, the Bank was founded in 1694, nationalised

Core Purposes

In pursuing its goal of maintaining a stable and efficient monetary and financial framework as its contribution to a healthy economy, the Bank has two core purposes; achieving

The Bank’s Strategy

To maintain its track record of achieving the inflation target, the Bank should improve the quality and efficiency of the process supporting the Monetary Policy Committee, advance its

Bank Of England Legislation

The Bank was established as a corporate body by Royal Charter under the Bank of England Act 1694. Since then there have been a number of enactments directly

Monetary Policy Framework

The Bank’s monetary policy objective is to deliver price stability – low inflation – and, subject to that, to support the Government’s economic objectives including those for growth

Monetary Policy Committee (MPC)

Interest rates are set by the Bank’s Monetary Policy Committee. The MPC sets an interest rate it judges will enable the inflation target to be met. The Bank's

How Monetary Policy Works

When the Bank of England changes the official interest rate it is attempting to influence the overall level of expenditure in the economy. When the amount of money