GBAF Logo
Finance

Bank of England lends 62.509 billion pounds at short-term repo, new record

Published by Global Banking & Finance Review

Posted on March 20, 2025

1 min read

· Last updated: January 24, 2026

Add as preferred source on Google
Bank of England lends 62.509 billion pounds at short-term repo, new record
Global Banking & Finance Awards 2026 — Call for Entries

Bank of England Sets Record with 62.509 Billion Pound Repo

(Reuters) - The Bank of England on Thursday allotted a record 62.509 billion pounds ($80.94 billion) in seven-day funds in its weekly short-term repo operation, higher than a previous record of 61.146 billion pounds set last week.

($1 = 0.7723 pounds)

(Reporting by Andy Bruce; editing by Suban Abdulla)

Key Takeaways

  • Bank of England's repo operation hits a new record.
  • 62.509 billion pounds allotted in seven-day funds.
  • Previous record was 61.146 billion pounds.
  • Repo operation is a weekly financial activity.
  • Exchange rate: $1 equals 0.7723 pounds.

Frequently Asked Questions

What is the main topic?
The article discusses the Bank of England's record-setting short-term repo operation, where it lent 62.509 billion pounds.
Why is this repo operation significant?
It marks a new record in the amount lent, indicating significant demand for short-term funds.
What was the previous record?
The previous record was 61.146 billion pounds, set just last week.

Related Articles

Image for US agency upgrades probe into JLR vehicles' steering troubles

US agency upgrades probe into JLR vehicles' steering troubles

Image for Euro zone consumers sharply lift inflation bets, ECB survey shows

Euro zone consumers sharply lift inflation bets, ECB survey shows

Image for Euro zone banks tighten access to credit as Iran war bites: ECB survey

Euro zone banks tighten access to credit as Iran war bites: ECB survey

Image for Explainer-The Hormuz digital chokepoint: How does the Iran war threaten subsea cables?

Explainer-The Hormuz digital chokepoint: How does the Iran war threaten subsea cables?

Image for Novartis misses quarterly sales, profit estimates as Entresto generics hit growth

Novartis misses quarterly sales, profit estimates as Entresto generics hit growth

Image for Kyrgyzstan urges EU dialogue after Russian-related sanctions

Kyrgyzstan urges EU dialogue after Russian-related sanctions

More from Finance

Explore more articles in the Finance category

Image for Citi hires Barclays' Potts to head shareholder advisory arm
Citi hires Barclays' Potts to head shareholder advisory arm
Image for EU's top diplomat calls on Southeast Asian countries to seek alternatives to Russian oil
EU's top diplomat calls on Southeast Asian countries to seek alternatives to Russian oil
Image for French pay-TV group Canal+ to list in South Africa on June 3
French pay-TV group Canal+ to list in South Africa on June 3
Image for Russia's VTB says first quarter 2026 profit down 6.2% year-on-year
Russia's VTB says first quarter 2026 profit down 6.2% year-on-year
Image for China commerce minister says reached 'soft landing' with EU over EV tariffs
China commerce minister says reached 'soft landing' with EU over EV tariffs
Image for Ukraine needs to approve parcel tax to keep IMF funding, source says
Ukraine needs to approve parcel tax to keep IMF funding, source says
Image for Coca-Cola Europacific Partners posts quarterly revenue rise on pricing, Easter lift
Coca-Cola Europacific Partners posts quarterly revenue rise on pricing, Easter lift
Image for Indonesia commuter train crash toll rises to 14 as rescuers complete evacuation
Indonesia commuter train crash toll rises to 14 as rescuers complete evacuation
Image for UK's Travis Perkins quarterly like-for-like sales dip on weak building demand
UK's Travis Perkins quarterly like-for-like sales dip on weak building demand
Image for Sweden's Securitas lags Q1 estimates, dragged by currency effects
Sweden's Securitas lags Q1 estimates, dragged by currency effects
Image for Peak XV exits India's One MobiKwik in $13.8 million block deal, source says
Peak XV exits India's One MobiKwik in $13.8 million block deal, source says
Image for Lock maker Assa Abloy's Q1 operating profit rises as expected
Lock maker Assa Abloy's Q1 operating profit rises as expected
View All Finance Posts