Founded in 1694, the Bank of England is the United Kingdom's central bank and the model on which most modern central banks have been based. Its mission is to promote the good of the people of the United Kingdom by maintaining monetary and financial stability. This involves setting the UK's main interest rate (Bank Rate), issuing banknotes for England and Wales, and regulating the banking and insurance industry through its Prudential Regulation Authority (PRA) to ensure the financial system is safe and sound.

Founded in

United Kingdom