Bank of England

The Bank of England is the central bank of the United Kingdom, established in 1694. It manages the nation's currency, issuing banknotes and setting interest rates to control inflation and support economic stability. The Bank also oversees the financial system's safety, acting as a lender of last resort to banks in trouble. One of its key roles is to implement monetary policy, aiming to achieve stable prices and promote economic growth. The Bank also conducts research and provides economic data to help inform government policy decisions.