The Bank of England is the central bank of the United Kingdom. The Bank was founded in 1694, nationalised on 1 March 1946, and gained independence in 1997.

Standing at the centre of the UK's financial system, the Bank is committed to promoting and maintaining monetary and financial stability as its contribution to a healthy economy.

The Bank is perhaps most visible to the general public through its banknotes and, more recently, its interest rate decisions which are taken by the Bank’s Monetary Policy Committee. The Bank also manages the UK’s foreign exchange and gold reserves.

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