Frequently asked questions

Answers to questions people often ask

Explore our FAQs

About us

Including: ‘What does the Bank of England do?’ and ‘Who appoints the Governor?’

Our banknotes

Including: ‘How do I exchange withdrawn Bank of England notes?’ and ‘How do I check my banknotes are genuine?’

Inflation and interest rates

Including: ‘How does the Bank of England affect interest rates?’, ‘What is Bank Rate?’ and ‘What is quantitative easing?

Banks and other financial businesses

Including: ‘Who regulates my bank?’ and ‘Who is responsible for financial regulation in the UK?’

The financial system

Including: ‘What is the financial system?’ and ‘What does the Bank of England do to keep the financial system stable?’

Explainers

Our introductory guides to the economy including: ‘What is money’ and ‘Why do footballers get paid so much?’

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This page was last updated 15 May 2025