the national bank of the UK, whose responsibilities include arranging the amounts of money that the government can borrow, and fixing the rate at which people and businesses can borrow money
From Longman Business Dictionary
Bank of EnglandˌBank of ˈEnglandwritten abbreviation B of E nounBANKINGORGANIZATIONS
Britain’s CENTRAL BANK
The Bank of England says growth in the UK economy will slow next year.