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The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based.
It is the second oldest central bank in the world (after the Swedish Riksbank), and the world's 8th oldest bank. In 1998 it became an independent public organisation. Though wholly owned by the government, it has independence in setting monetary policy.
Founded in 1694, the Bank of England is the central bank of the United Kingdom. Sometimes known as the ‘Old Lady’ of Threadneedle Street, the Bank’s mission is to promote the good of the people of the United Kingdom by maintaining monetary and financial stability.
The Bank of England was founded as a private bank in 1694 to act as banker to the Government. Today we are the UK’s central bank. Our timeline looks at some of the highlights from our long history.
6 days ago · Bank of England, the central bank of the United Kingdom. Its headquarters are in the financial district of London. It was incorporated by act of Parliament in 1694 with the purpose of raising funds to allow the government to wage war against France.
6 days ago · The Bank of England (BoE) is the UK's central bank. Our mission is to deliver monetary and financial stability for the people of the United Kingdom.
Established in 1694 to act as the English Government's banker and debt manager, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank. The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based.
