The Bank of England: how the pieces fit together

Quarterly Bulletin 1996 Q1
Published on 01 March 1996

By Edward George, the Governor of the Bank.

The Governor of the Bank, Eddie George, discusses the Bank’s functions as a central bank. Drawing on the Bank’s internal ‘mission statement’, he explains and illustrates the three core purposes: maintaining the integrity and value of the currency; maintaining the stability of the financial system, both domestic and international; and seeking to ensure the effectiveness of the United Kingdom’s financial services. He emphasises the relevance of each of the core purposes to the other two and describes how they all fit together to make a coherent whole.

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