Saturday, January 1, 2011

Bank of England

The Bank of England (BoE) is the central bank of the United Kingdom, and is mandated with setting monetary policy in order to achieve a stable rate of inflation (price stability). The Monetary Policy Committee of the BoE is tasked with setting interest rates, and various other monetary policy instruments e.g. the Asset Purchase Program, which was instituted during the great financial crisis of 2008.

Synonyms: BoE, UK Monetary Policy

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