Bank of England

The Bank of England is the central bank of the United Kingdom and has served as the country’s monetary authority since its founding in 1694. Based in London, it is responsible for maintaining financial stability, setting interest rates, and issuing the UK’s currency. The Bank also regulates and supervises key parts of the financial system and acts as lender of last resort in times of market stress. It plays a critical role in shaping the UK’s economic policy and maintaining confidence in the banking system.