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Home > QFINANCE Dictionary > Definition of Bank of England

Definition of

Bank of England

Banking

UK central bank the central bank of the United Kingdom, established in 1694. Originally a private bank, it became public in 1946 and increased its independence from government in 1997, when it was granted sole responsibility for setting the base rate of interest.

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Definitions of ’Bank of England’ and meaning of ’Bank of England’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’Bank of England’ and other financial terms with our online QFINANCE Financial Dictionary.

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