Bank of England (BoE)

The Bank of England (BoE) is the UK’s central bank, responsible for maintaining financial stability and controlling inflation. It manages the country’s monetary policy, mainly by setting interest rates to influence economic growth and price stability. The BoE also issues banknotes, oversees the banking system, and acts as a lender of last resort to prevent bank failures. Its decisions impact borrowing costs, saving, and the overall health of the UK economy. The Bank aims to keep inflation low and stable, supporting sustainable economic growth and financial stability.