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What is the Bank of England?
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The Bank of England is the central bank of the United Kingdom. It was founded in 1694. It is located in London, and is a public corporation owned by the government of the United Kingdom. The governor of the Bank of England is the Monetary Policy Committee, which is made up of five members appointed by the prime minister. The Bank of England is responsible for issuing the currency of the United Kingdom, as well as providing banking services to the government.