The Bank of England is the central bank of the United Kingdom; the current president, since 2003, is Mervyn King.
The role of the BoE is to promote and maintain monetary and financial stability in the UK. Among the main activities: ensuring the distribution of the pound, lending to commercial banks and implementing exchange rate policies.
Fed & Central Banks
Bank of England holds rates at 3.75% as markets keep their eyes on the Fed and the dollar
The Bank of England left its key rate unchanged in a 7–2 vote, but with US inflation accelerating and the dollar at a one-year high, traders...
