Bank of England

by maintaining monetary and financial stability.

by the Board of Directors . It consists of :

Managing ( term of office - 5 years ) - is in charge of all of the Bank and appointed by the Government ;
Two deputy manager ( term of office - 5 years ) ;
16 Board member ( term of office - 3 years, renewable ) . At the same time 12 members are the heads of the largest companies in the country , as part of the 4 members of the staff of the Bank.

Montague in 1962 Britain issued its first state loan .

But the renewed war with France , and these resources are exhausted . Then Montague Peterson successfully implemented the plan and introduced a bill on the establishment of the Central Bank . July 27, 1694 an Act of Parliament was established by the Bank of England , Montagu was appointed as Chancellor of the Exchequer

implementation of monetary policy. Banking services

  - Control inflation , ensure the purchasing power of the

national currency and the stability of its exchange rate ;   - Maintain the reliability of the financial system ;   - Ensuring the efficiency of the banking sector .