<human>:  What is the Bank of England?
<bot>: The Bank of England is the central bank of the United Kingdom. It was founded in 1694. The Bank of England is a public corporation owned by the government of the United Kingdom. It is a major financial institution in the UK. It is the oldest bank in the world still operating under its original name. The Bank of England is the largest financial institution in the UK, and the fifth largest in the world. It is also one of the most important financial institutions in the world.