Gillespie: Foundations of Economics 
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Figures from the textbookGillespie: Foundations of Economics
Unit 28
Bank of England
"The Bank of England is the central bank of the United Kingdom. Sometimes known as the 'Old Lady' of Threadneedle Street, the Bank was founded in 1694, nationalised on 1 March 1946, and gained independence in 1997. Standing at the centre of the UK's financial system, the Bank is committed to promoting and maintaining monetary and financial stability as its contribution to a healthy economy."
For more information on issues such as the role of the Bank of England in controlling the UK financial system, UK monetary policy and the UK inflation report visit
www.bankofengland.co.uk/
Having visited the site try and summarise:
• the bank's core purpose
• the key elements of UK monetary policy
You could also visit the
Bank of Japan www.boj.or.jp/en/index.htm
European Central Bank www.ecb.int/home/html/index.en.html
America's Federal Reserve Board : www.federalreserve.gov
To watch a video on the work of the Bank of England visit
www.bankofengland.co.uk/education/videos/whatif/index.htm
To find out about banknotes in the UK see
www.bankofengland.co.uk/banknotes/index.htm
Interest rates
To find out about interest rate decisions over the years visit
www.bankofengland.co.uk/monetarypolicy/decisions.htm
UK Monetary Policy
For more information on UK monetary policy see
www.hm-treasury.gov.uk/documents/uk_economy/monetary_policy/ukecon_mon_index.cfm
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