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

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

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

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

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

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

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