Bank of England(redirected from The Old Lady of Threadneedle Street)
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Bank of Englandestablished in 1694, the Bank of England is the central bank of the UK. It was nationalized by the Bank of England Act 1946 and acts as the competent authority for the banking sector under regulatory powers conferred by the Banking Act 1987. It now sets interest rates independent of government and in this respect resembles a central bank.
Collins Dictionary of Law © W.J. Stewart, 2006