The Bank of England plays a major role in the financial lives of households and businesses across the UK. From inside the institution, BBC business reporter Dearbail Jordan looks at how its work can have a direct effect on everyday money matters.
A key reason the Bank matters is that its decisions help shape the cost of borrowing and the return on savings. When the central bank changes interest rates or signals how it views the economy, the effects can be felt through mortgages, loans, credit costs and savings accounts.
The Bank of England is also central to the wider effort to keep inflation under control and support financial stability. That means what happens there can influence prices, confidence and the broader direction of the economy, not just markets in London.
By explaining how the Bank works from the inside, the report highlights why this institution is closely watched whenever people are trying to understand what may happen next to their money.
