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BoE
(Bank of England)
The BoE (Bank of England) is the UK's central bank, founded in 1694. It oversees monetary policy, financial stability, and bank regulation, similar to the Fed in the U.S. The BoE's Monetary Policy Committee sets the base rate (5.25% as of 2023).
The BoE manages Britain's $3.8 trillion economy, issues banknotes, and serves as lender of last resort. It played key roles in the 2008 crisis (bailing out RBS) and Brexit preparations. The BoE pioneered quantitative easing (QE) in 2009, eventually buying £895 billion of bonds. It also regulates stablecoins and researches CBDCs ("Britcoin"). The BoE's gold vault holds 400,000 bars worth £200 billion.
The BoE manages Britain's $3.8 trillion economy, issues banknotes, and serves as lender of last resort. It played key roles in the 2008 crisis (bailing out RBS) and Brexit preparations. The BoE pioneered quantitative easing (QE) in 2009, eventually buying £895 billion of bonds. It also regulates stablecoins and researches CBDCs ("Britcoin"). The BoE's gold vault holds 400,000 bars worth £200 billion.