The Bank of England is the central bank of the United Kingdom, and it plays a vital role in maintaining the stability of the country's financial system.
It is responsible for producing and issuing secure banknotes in England and Wales, ensuring they are difficult to counterfeit.
The Bank sets the UK's official interest rate (Bank Rate) to control inflation and maintain price stability.
The Bank supervises and regulates banks and financial institutions to ensure they operate safely and soundly.
The Bank oversees and facilitates secure payment systems, ensuring smooth transactions across the economy.
The Bank acts as a banker to the UK government, managing national accounts and financial operations.
The Bank safeguards the UK's gold reserves and those of other central banks.