LONDON (Reuters) -The Bank of England on Thursday allotted a record 87.149 billion pounds ($117.19 billion) in seven-day funds in its weekly short-term repo operation, higher than a previous record of
Bank of England Allocates Record £87.15 Billion in Short-Term Repo
LONDON (Reuters) -The Bank of England on Thursday allotted a record 87.149 billion pounds ($117.19 billion) in seven-day funds in its weekly short-term repo operation, higher than a previous record of 83.085 billion pounds set two weeks ago.
The central bank is using increasingly its short-term repo operations as a way to provide banks with reserves as it runs down its stockpile of government bonds bought under its quantitative easing programme.
($1 = 0.7437 pounds)
(Writing by William Schomberg, Editing by Paul Sandle)
