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Consumer spending influences inflation  

What We Do

The Bank sets interest rates to keep inflation low, issues banknotes and works to maintain a stable financial system. More

Current Highlights

The Financial System

A safe and stable financial system is essential to the economy. The Bank assesses risks to the stability of the financial system and works to strengthen the way it operates. More
 

Interest Rates and Inflation

Interest rates influence spending and saving in the economy and the prices we pay for goods and services. Low inflation helps to maintain a stable economy and the value of our money. More
£10 Note

Banknotes

The Bank issues the bank-notes that we use in our daily lives. Confidence in the currency is vital to the economy. More
Current Interest Rate
View decisions and minutes
   4.5%
Next due: 12 Jan '06
Current Inflation (CPI)
2.1%
Next due: 17 Jan '06
Inflation Target
More information
2.0%
Latest Inflation Report
View report and webcast
Nov '05
Next due: 15 Feb '06

Museum

The Museum tells the story of the Bank of England from its foundation in 1694 to its role today as the United Kingdom's central bank.
Visit on-line and walk through time
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