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  1. The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based.

  2. 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.

  3. www.bankofengland.co.uk › about › historyHistory | Bank of England

    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. This timeline looks at some of the highlights from our long history.

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  4. 4 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.

    • 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

    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 ...

  5. Who owns the Bank of England today? We are wholly-owned by the UK government. The capital of the Bank is held by the Treasury Solicitor on behalf of HM Treasury. Although we are owned by HM Treasury, we carry out our responsibilities independently. We're free from day-to-day political influence.

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  7. 4 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.

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