World Central Banks
Bank of Englandhttp://www.bankofengland.co.uk
The Bank of England is the Central Bank of Great Britain and Northern Ireland. The official name is the Governor and Company of the Bank of England. The informal name is the "Old Lady".
The Bank of England was founded in 1694 when there was no state of Britain (from 1707), so the institution has such a name.
The Bank of England publishes a decision on the interest rate on a monthly basis. The interest rate of the Bank of England determines the terms on which commercial banks in the United Kingdom will grant repo credits.
Repo is a type of credit where the Bank of England lends money on the security of a commercial Bank assets: for instance, shares. Repo crediting is beneficial when a commercial bank needs money but it does not wish to sell its shares irreversibly. Repo credit is agreed upon for a certain period: at the end of period, the Bank of England returns to commercial bank the assets, and in return receives the money with the interest on top.
0,10 %All rates
|3 Month LIBOR Range
|Overnight Call Rate
|Official Cash Rate
|Overnight Rate Target