Home | Bank of England 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
Interest rates and Bank Rate - Bank of England What is Bank Rate? Bank Rate is the single most important interest rate in the UK In the news, it's sometimes called the ‘Bank of England base rate’ or even just ‘the interest rate’ Our Monetary Policy Committee (MPC) sets Bank Rate
What does the Bank of England do? 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
History | 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
Monetary policy - Bank of England Monetary policy is the action a central bank or a government can take to influence how much money is in a country’s economy and how much it costs to borrow We set monetary policy to keep inflation in the UK low and stable
What does the Bank of England do? The Bank of England has served the public for over 300 years by looking after the UK economy and financial system Find out more about what we do We are not a high street bank – we are the central bank of the United Kingdom
PRA Rulebook website | Bank of England The Prudential Regulation Authority (PRA) Rulebook contains published PRA policy: rules made and enforced by the PRA under powers conferred by the Financial Services and Markets Act 2000 (FSMA); and guidance in the form of supervisory statements (SS) and statements of policy (SoP)
Governance and funding - Bank of England The Bank of England is owned by the UK Government, and accountable to both Parliament and the general public We are a public body that must answer to Parliament We generate income to pay for our work
Monetary Policy Report - February 2025 | Bank of England At its meeting ending on 5 February 2025, the MPC voted by a majority of 7–2 to reduce Bank Rate by 0 25 percentage points, to 4 5% Two members preferred to reduce Bank Rate by 0 5 percentage points, to 4 25%
Bank Rate maintained at 4. 75% - December 2024 - Bank of England Bank staff were expecting zero GDP growth in 2024 Q4, weaker than had been projected in the November Monetary Policy Report Several components of the December S P Global CIPS UK flash PMI had fallen, including the new orders and employment indices