The Bank of England cut 0.25 per cent at each meeting - the same decision, spread over two months. Strip out that and Frankfurt and Threadneedle Street have been running the same policy for a year and a half.
the national bank of the UK. Central bank of Britain, headquartered in London. Incorporated by act of Parliament in 1694, it soon became the largest and most prestigious financial institution in England. It did not assume the responsibilities of a central bank until the 19th century, and it was privately owned until 1946, when it was nationalized