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Bank of England

Bank of England Definition

The Bank of England is the central bank of the United Kingdom, sometimes known as "The Old Lady of Threadneedle Street" or "The Old Lady".

It performs all the recognized functions of a central bank -- to maintain price stability, and subject to that, to support the economic policy of Her Majesty's Government (Bank of England Act 1998) in order to promote economic growth.

RELATED TERMS
Bank reserves




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