About the Bank
Interest rates decisions are taken by the Bank's Monetary Policy
Committee. The MPC has to judge what interest rate is necessary
to meet a target for overall inflation in the economy. The inflation
target is set each year by the Chancellor of the Exchequer.
The Bank implements its interest rate decisions through its
financial market operations - it sets the interest rate at which
the Bank lends to banks and other financial institutions. The
Bank has close links with financial markets and institutions.
This contact informs a great deal of its work, including its
financial stability role and the collation and publication of
monetary and banking statistics.
The Bank of England is committed to increasing awareness and understanding of its activities and responsibilities, across both general and specialist audiences alike. It produces a large number of regular and ad hoc publications on key aspects of its work and offers a range of educational materials. The Bank offers technical assistance and advice to other central banks through its Centre for Central Banking Studies, and has a museum at its premises in Threadneedle Street in the City of London, open to members of the public free of charge.
Related Links
- The Bank's Annual Report
View the latest Report and Accounts - Museum
Visit the Bank's Museum online - Education
Visit the Bank's education pages