Bank of England
11
3.4
- proper noun
:
Banco de Inglaterra
- Well, according to the Bank of England, a recession will come.
- governor of the Bank of England
Well, according to the Bank of England, a recession will come.
- Well, according to the Bank of England, a recession will come.
- The UK Treasury is pursuing a strategy that opposes what the Bank of England is trying to do.
- So that's why it's the Fed, the European Central Bank, the Japanese central Bank, the British Central Bank of England.
- And those are the big tools that a Federal Reserve or the Bank of England or any central bank has to basically shape the supply of money.
- They are short term have been going up and that might continue, you never know, depends what the Bank of England do at their next meetings and so on.
- And there's a lot more power vested in quangos like the Bank of England or the Migration Advisory Committee or the Climate Change Committee.
- Don't believe the Bank of England, Don't believe the BBC.
- Well, the Bank of England is yet another really, really nasty one.
- She wasn't a top economist at the Bank of England.
- Soros didn't actually break the Bank of England.
- So Mark Carney, as I've said, was former head of the Bank of England.
Examples
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Both the Fed and the Bank of England had to go beyond their existing procedures.
Academic text (2008) -
You've heard it from the Bank of England, from the OECD, from the IMF, from the Treasury, from the Office of Budget Responsibility and many others besides.
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The Bank of England must do more.
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So the current thinking of the Bank of England is let's wait and see if this is working and inflation does start to drop down.
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Chancellor Jeremy Hunt said that the Bank of England has my full support.
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Now it's the responsibility of the Bank of England and the Pensions Regulator to maintain proper regulation and financial stability.
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By contrast, other central banks, such as the U.S. Federal Reserve and the Bank of England, have broader crisis-fighting powers.
Blog text (30) -
His comment raises questions about the Bank of England's new financial supervisory framework.
Blog text (4) -
What counts is that the Bank of England is the undisputed champ of QE.
Blog text (22) -
The Bank of England sets interest rates to control inflation.
Surface Forms
Morphology
The phrase literally combines 'bank' and 'England', so a learner who knows both words can infer it refers to a bank associated with England (i.e. a bank in England). However, its status as the UK's central bank with specific functions (issuing banknotes, setting monetary policy) is a proper-name/institutional sense that is not fully predictable from the constituents, making the expression only partially transparent.
Etymology
Bank of England began in 1694 when the government and private lenders set up one bank to manage money for the whole country. The name joins bank and England, so today the Bank of England is the country's main bank that 'issues banknotes' and looks after the nation's money.