Quarterly value of assets on Bank of England's balance sheet 2013-2023
The value of total assets held by the Bank of England increased significantly between 2013 and 2022. A particularly sharp increase took place in 2020 and 2021, triggered by the quantitative easing introduced as a response to the COVID-19 pandemic. The total assets of the Bank of England dropped in 2022 but remained above one trillion British pounds. In the third quarter of 2022, the British central bank held roughly 1.1 trillion British pounds worth of assets. In Europe, the largest central bank in terms of total assets is the Deutsche Bundesbank, which held almost three trillion euros at the end of 2022. The Bank of England ranked fourth.
