Explained in plain English
What is the Bank of England?
The Bank of England is the UK's central bank. Its main job is to keep prices stable and maintain confidence in the currency. It does this by setting the base interest rate and overseeing the financial system, aiming to prevent big economic ups and downs.
Stories that explain this
How many homeowners face bigger mortgage bills?This explainer came from a news story
BriefTea explains every UK news story in 80 words — and when a story assumes something you don't know, its Knowledge Galaxy maps the background so you can explore until it makes sense. Free, no ads, no paywall.
Get BriefTea on the App Store