"B of E" is an abbreviation that stands for "Bank of England". Synonyms for this term could include "central bank", "monetary authority" or "national bank". These terms all refer to a financial institution that serves as a country's main financial regulator and issuer of currency. The primary function of the B of E is to maintain price stability and ensure the overall health and stability of the country's economy. As the central bank, it controls interest rates, provides banking services to commercial banks, and plays a vital role in maintaining the stability of the financial system.