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INSIDE·ASEAN

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Inside ASEAN IntelligenceOrganisation profile
Government agencyUnited Kingdom

Bank of England

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Business overview

Company background

The Bank of England is the central bank of the United Kingdom, established in 1694 to act as banker to the Government.

It issues banknotes for England and Wales and sets the official interest rate known as Bank Rate, influencing savings, loans, and mortgage rates. The Bank supervises major UK financial institutions through its Prudential Regulation Authority and manages financial stability including resolution of failing banks.

Based on bankofengland.co.uk

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Inside ASEAN IntelligenceCompany context. Regional perspective.