JCI London is invited to the Bank of England tour – a classic event!
Do not miss this unique opportunity to see the inside of one of England’s most famous financial institutions; the Bank of England also known as the ‘Old Lady of Threadneedle Street.’
The Bank’s roles and functions have evolved and changed over its three-hundred year history. Since its foundation, it has been the Government’s banker and, since the late 18th century, it has been banker to the banking system more generally – the bankers’ bank. As well as providing banking services to its customers, the Bank of England manages the UK’s foreign exchange and gold reserves.
The Bank has two core purposes – monetary stability and financial stability. The Bank is perhaps most visible to the general public through its banknotes and, more recently, its interest rate decisions. The Bank has had a monopoly on the issue of banknotes in England and Wales since the early 20th century. But it is only since 1997 that the Bank has had statutory responsibility for setting the UK’s official interest rate.
The tour will take you through the main rooms of the Bank including where the Monetary Policy Committee make their monthly interest rate decisions and the Governor’s offices. You will be given an insight into the fascinating history of this central bank. Our guide will be the Bank curator – John Keyworth. We will then retire to a local hostelry for a drink afterwards.
