Explained in plain English
Who is the Bank of England?
The Bank of England is the UK's central bank. It's responsible for keeping the economy stable. Its main jobs include setting interest rates, issuing banknotes, and regulating banks. It operates independently from the government to make decisions based on economic data, not political pressures.
Stories that explain this
Pound falls to $1.337 as the Bank of England holds interest ratesThis explainer came from a news story
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