NEN Gallery

The Bank of England is the central bank of the United Kingdom, and convenes the Monetary Policy Committee, which is responsible for the monetary policy of the country. It was established in 1694 to act as the English Government's banker, and still carries out this role. The building is located in the City of London, on Threadneedle Street, and is sometimes known as 'The Old Lady of Threadneedle Street'. It performs all the functions of a central bank. The most important of these are maintaining price stability and supporting the economic policies of the UK's government to promoting economic growth. It has been at its current location since 1734. In the 20th century Sir Herbert Baker's rebuilt and demolishing most of Sir John Soane's earlier building and was described by Pevsner as "the greatest architectural crime, in the City of London, of the twentieth century". Picture taken 31st July 2007.