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单词 bank of england
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Bank of England
Bank of England n. (with the) the central bank of England and Wales, which issues legal tender, manages the national debt, administers exchange rate policy, and since 1997 sets interest rates.The Bank was founded in 1694, initially as a corporation of subscribers and contributors to a capital sum of £1,200,000, to whom a charter was granted on condition of their lending that sum to the Government, with certain privileges now no longer existing, or maintained only for the benefit of the State. It was nationalized in 1946.
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society > trade and finance > financial dealings > banking > [noun] > bank > other specific banks
bank1694
Bank of England1694
Reichsbank1874
Threadneedle Street1924
Eurobank1961
1694 (title) Brief account of the intended Bank of England.
1767 J. Steuart Inq. Princ. Polit. Oecon. II. xxii. 221 It is a rule with the bank of England to issue no notes upon mortgage, permanent loan, or personal security.
1828 J. Taylor Money Syst. Eng. 138 The Bank of England had parted with six or eight millions of gold at the current mint price.
1865 J. W. Gilbart Logic of Banking v. v. 319 When the discount rate rises to the Bank rate, the merchants send their bills for discount to the Bank of England.
1923 R. G. Hawtrey Currency & Credit (ed. 2) v. 83 The liquidity of the Bank of England is secured by its power of printing notes, and the interchangeability of its deposits with cash is absolute.
1981 Times 25 Sept. 19/1 Sterling is now lower than when the Bank of England signalled higher interest rates a week last Monday.
2012 Daily Tel. 10 Feb. 1/1 More than a million pensioners have been left permanently poorer because of the Bank of England's growing programme of quantitative easing, it was claimed yesterday.
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