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Bank of England

The Bank of England, established in 1694, is the central bank of the United Kingdom, often referred to by the nickname "the Old Lady of Threadneedle Street". As the government's bank and the lender of last resort, it helps maintain the United Kingdom's economic and financial stability. The Bank of England is also responsible for setting and implementing monetary policy, typically by manipulating interest rates, under the auspices of maintaining low inflation. With key roles including issuing banknotes, overseeing the UK's gold reserves, and regulating other banks, it serves as a model for most modern central banks.