- Banker to banks - banks can deposit/borrow to balance their accounts
- Banker to government - raise funds to cover governemnt deflicits (sell bonds)
- Regulates financical system through PRA
- Manages exchange rates - keep stablility wivout interfering wiv appreciation/depreciation of LT trade + capital flow
- Lender of last restorts - banks wiv difficulty/unable to meet despositors request to withdraw money turns to B.
- B lend money to sticken bank to prevent bank failure
In extreme cases banks gone too far to be saved
Relationships with other central banks + organisation - to uphold global banking system
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