Central Bank Review and Efficacy of Monetary Policy Introduction The central bank of the UK, commonly referred to as the Bank of England, is an integral arm in the UK economy mandated to regulate money and offer financial services alongside ensuring economic stability in the country. It is a model from which other central banks around the world have been formed (Bank of England, 2020). Since its inception, the bank has played as a private money lender to the British government until it became the official central bank of the country (Capie, 2018). Its roles revolve around bank regulation, provision of financial services like economic research, and monetary policy (Bank of England, 2020). All these efforts are geared towards stabilizing
