Finance

Bank of England allots record 61 billion pounds in short-term repo

Published by Global Banking & Finance Review

Posted on March 13, 2025

1 min read

· Last updated: January 24, 2026

Add as preferred source on Google
Bank of England allots record 61 billion pounds in short-term repo
Global Banking & Finance Awards 2026 — Call for Entries

Bank of England Allocates Record £61 Billion in Repo Operation

(Reuters) - The Bank of England on Thursday allotted a record 61.146 billion pounds ($79.18 billion) in seven-day funds in its weekly short-term repo operation, higher than a previous record of 58.208 billion pounds set last month.

($1 = 0.7722 pounds)

(Reporting by Andy Bruce; editing by David Milliken)

Key Takeaways

  • Bank of England sets a new record in repo operations.
  • £61.146 billion allotted in seven-day funds.
  • Previous record of £58.208 billion surpassed.
  • Repo operations are crucial for short-term liquidity.
  • Exchange rate: $1 = 0.7722 pounds.

Frequently Asked Questions

What is the main topic?
The article discusses the Bank of England's record allotment of £61 billion in its short-term repo operation.
Why is this repo operation significant?
It marks a new record, surpassing the previous high of £58.208 billion, indicating increased demand for short-term funds.
What is the exchange rate mentioned?
The exchange rate provided is $1 = 0.7722 pounds.

Related Articles

More from Finance

Explore more articles in the Finance category