What is the economy?
It’s a word you can’t avoid. But when put on the spot, many people struggle to say what it means. So where to start?
What is GDP?
Perhaps the most talked about economic concept. But what is it and how do we measure it?
What is capital?
Capital is another name for the financial resources a bank has that act as a cushion or shock-absorber against unexpected losses. For example, if someone fails to repay their loan.
What does the Bank of England do?
The Bank of England is unlike banks you see on the high street or use for online banking. Instead, it is the central bank of the UK.
Build your knowledge on economic growth
How fast can the economy grow?
While we often think of economic growth as good news, it can also happen too rapidly.
Build your knowledge on financial markets
What are financial markets and why are they important?
Financial markets are where people can buy, sell, loan, lend, save, insure or invest.
Is the global financial system any safer than before?
There is more work to be done, but the global financial system is safe, simpler and fairer today than it was a decade ago.
What is CBDC?
CBDC stands for central bank digital currency. It’s digital money a country’s central bank can issue alongside cash. If we introduced one, we’d call it the digital pound.
Will there be another financial crisis?
Two things we can be sure of when it comes to financial crises: there will be another and it won’t be the same as the last.
What are cryptoassets (cryptocurrencies)?
Cryptoassets are generally held as investments by people who expect their value to rise.
Build your knowledge on jobs and pay
Build your knowledge on housing
How does the housing market affect the economy?
House prices affect how much money people spend. They have tripled since the late 1970s.
What’s the Bank of England’s role in the housing market?
If we look at how much British households borrow, more than seven out of ten pounds are for mortgages.
Build your knowledge on climate change and the economy
How is the Bank of England responding to climate change?
We help the UK to manage the risks that climate change brings and we support its move to net-zero.