The Bank of England, formally the Governor and Company of the Bank of England, is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world, after the Sveriges Riksbank, and the world's 8th oldest bank. It was established to act as the English Government's banker and is still the banker for the Government of the United Kingdom. The Bank was privately owned by stockholders from its foundation in 1694 until nationalised in 1946.
The Bank aims to conduct cutting-edge research and analysis at the intersection of monetary, macroprudential and microprudential policy.
Outstanding research and analysis underpins everything we do – from policymaking, to the design of central bank operations and tools, to providing high-quality, secure bank notes.
To produce the best research and analysis possible, the Bank relies on high quality data and advanced analytical tools, a sharp focus on staff recruitment and development, an environment that supports creative freedom, and extensive engagement with wider research communities.