Monetary policy is action that a country's central bank or government can take to influence how much money is in the economy and how much it costs to borrow. As the UK’s central bank, we use two main monetary policy tools.
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Please note: the exchange rates are not official rates and are no more authoritative than that of any commercial bank operating in the London foreign exchange market. GBP daily rates. EUR daily rates. USD daily rates. Daily spot rates against GBP
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The Bank of England is the central bank of the United Kingdom. We’re different to a bank that you would come across in the high street. That means we don’t hold accounts or make loans to the public.
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The Bank of England gathers, analyses and publishes data from financial institutions, which we use to inform our policy decisions and to supervise firms. We also publish data relating to our other activities as a central bank, such as banknote issuing and monetary analysis.
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We start by giving you an introduction to the many areas of work around the Bank of England. You’ll learn the business and technical skills you’ll need as you start your career. You’ll have the opportunity to work with the firms we regulate to make them safer and sounder.
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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.
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There’s much to gain from working for the Bank of England - from being involved in career-defining projects at the heart of the UK economy - to receiving a rewarding pay and benefits package. Search our vacancies
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Latest and upcoming releases from the Bank of England. Our use of cookies. We use necessary cookies to make our site work (for example, to manage your session). We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. By clicking ‘Accept recommended settings’ on this banner, you accept ...
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The Bank of England has been issuing banknotes for over 300 years. There are over 4.6 billion Bank of England notes in circulation. Together they are worth about £82 billion.
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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.
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