Economics GCSE
Bank of England
What Bank of England means in Economics GCSE, as defined for AQA.
Definition of Bank of England
Check what you remember
Read the wording for your board, then hide it and explain Bank of England in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The central bank, responsible for setting the base interest rate and maintaining financial stability; it does not serve the general public.
Topics that use Bank of England
Related terms
- Building societies
- Business investment
- Central banking
- Commercial banking
- Financial institutions
- Financial intermediation
- Financial sector
- Financial stability
Using Bank of England in the exam
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