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2 days ago · The Bank of England (BoE) sets the Bank Rate, targets inflation at 2%, and oversees the financial system. Learn about its history, functions, research, banknotes, and more.
- News, Publications and Events
Latest and upcoming releases from the Bank of England. Our...
- Statistics
The Bank of England carries out an annual update of the...
- 2020 Q1
This quarterly statistical release shows levels of capital...
- Interest Rates
Bank Rate is the single most important interest rate in the...
- Careers
The Bank of England is not only a uniquely influential...
- Banknotes
The Bank of England has been issuing banknotes for over 300...
- Exchange Rates
Daily spot exchange rates against Sterling. We use necessary...
- About
This page was last updated 15 August 2023. Founded in 1694,...
- News, Publications and Events
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. 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.
Feb 1, 2024 · Learn how Bank Rate influences other interest rates and affects the economy. Find out the current Bank Rate, inflation rate and target, and the history of Bank Rate since 1694.
- We Provide Ways to Pay For Things Safely
- We Work to Keep Price Rises Low and Stable
- We Make Sure Banks Are Run Well
- We Work to Keep The Whole UK Financial System Stable
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We produce £5, £10, £20 and £50 banknotesyou can trust. They have security features that make them difficult to counterfeit (fake). We supervise payment services (eg VISA), which help you pay for things easily and safely. We also run the core services that enable people, businesses and banks to make large transfers (eg CHAPS),and the banks to settl...
We guard the value of your money by keeping prices stable. The measure of how much prices go up over time is called inflation.
Our Prudential Regulation Authorityregulates and supervises all the major banks, building societies, credit unions, insurers and investment firms in the UK.
People need a stable financial system and it’s our job to make sure the UK has one. A financial system connects people who want to save, invest or borrow money. It's a vital part of our economy. We keep the UK’s financial system stable by keeping a close watch on any risks and taking action, if we need to. For example, we can lend to banks if they ...
Learn about the Bank of England's functions, such as producing banknotes, keeping inflation low, regulating banks and ensuring financial stability. Find out how the Bank gathers data, researches and educates the public on the economy.
Jun 19, 2024 · The latest news and updates from the Bank of England. Extensive coverage and analysis of the BoE's monetary policy decisions and reports, including interest rates and job market data.
Find out about the Bank of England's role, functions, policies and publications. Access guidance, regulation, news, consultations and transparency information from the UK's central bank.
Feb 1, 2024 · The Bank of England announces its fourth consecutive decision to keep the base rate unchanged in February 2024. It also releases its inflation report, which expects inflation to fall to 2% soon and rise again later in the year.
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