Bank of England

noun

the central bank of the United Kingdom, which acts as banker to the government and the commercial banks. It is responsible for managing the government's debt and implementing its policy on other monetary matters: established in 1694, nationalized in 1946; in 1997 the government restored the authority to set interest rates to the Bank

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Example Sentences

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Expectations are growing that the Bank of England could cut interest rates three more times this year because of the global fallout from US trade tariffs.

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This Canadian general election broke that trend, as the Liberals forced Trudeau to resign and picked a political outsider, former Bank of England chief Carney, as their leader.

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Quango stands for quasi autonomous non-governmental organisations, which means they are taxpayer-funded but not directly controlled by central government, and include watchdogs as well as the prison service and the Bank of England.

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The unfunded tax cuts announced then spooked investors, who dumped UK government bonds, resulting in the Bank of England stepping in to buy bonds to save pension funds from collapse.

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Carney, the former governor of the Bank of England, managed to survive Wednesday's French debate despite being less proficient in the country's second language.

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bank note bank of issue

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