LONDON, Jan 29 (Reuters) - The Bank of England allotted more than 100 billion pounds to banks in its weekly short-term repo on Thursday for the first time since the programme started in 2022. The
Bank of England's Weekly Repo Surpasses 100 Billion Pounds for First Time
Bank of England Repo Program Overview
LONDON, Jan 29 (Reuters) - The Bank of England allotted more than 100 billion pounds to banks in its weekly short-term repo on Thursday for the first time since the programme started in 2022.
Recent Repo Allotment Details
The central bank allotted 100.885 billion pounds ($139.22 billion) in 7-day funds to banks in return for collateral, up from 97.876 billion pounds last week and passing a previous record of 99.300 billion pounds on January 15.
Impact of Repo on Financial Markets
Usage of the BoE's weekly and longer-term repo facilities has been growing as the BoE unwinds its past quantitative easing bond purchases and shifts towards a repo-led system for providing liquidity to the British financial system.
($1 = 0.7246 pounds)
(Reporting by David Milliken, editing by Andy Bruce)
