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

Example sentences from the Web for bank of england

  • Two thousand down, in Bank-of-England notes (fives and tens, higher figures might be awkward), or sterling coin of the realm.

    Aurora Floyd, Vol. II (of 3) |M. E. (Mary Elizabeth) Braddon