Skip to content

CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

BoE definition

The BoE is a popular shortening of the Bank of England, the central bank of the United Kingdom.

Like other major central banks such as the Federal Reserve (the ‘Fed’) or the European Central Bank (ECB), the BoE is referred to often enough to have gained an acronym. That is because of its importance in governing monetary policy, via the Monetary Policy Committee (MPC). It also has a Financial Policy Committee (FPC), instated to oversee Britain’s banks after the 2008 crash.

Established in 1694, the BoE is the world’s second-oldest central bank, after Sweden’s central bank, the Sveriges Riksbank.

The BoE’s policies for maintaining monetary policy after 2008 led to a record run of low base rates in the UK. Financial traders often pay significant attention to pronouncements from the MCP about base rates, as they will play out across financial markets in a big way. The MPC has also played a major role in the BOE’s quantitative easing (QE) policy.

Visit our news and analysis section

See all the latest news about the BoE here.

A - B - C - D - E - F - G - H - I - L - M - N - O - P - R - S - T - U - V - W - Y

See all glossary trading terms

Help and support

Get answers about your account or our services.

Get answers

Or contact us on +971 (0) 4 559 2104 or helpdesk.ae@ig.com.

Our office is open 5 days a week, Monday to Friday from 8am to 7pm (Dubai time). Support line is available 24hrs a day, 7 days a week, except for Saturday from 2am to 12noon (Dubai time).