UK central bank allots record £68.93 billion in weekly repo

Published 12/06/2025, 11:08
UK central bank allots record £68.93 billion in weekly repo

Investing.com -- The Bank of England allotted a record £68.929 billion ($93.52 billion) in seven-day funds during its weekly short-term repo operation on Thursday, exceeding the previous high of £68.106 billion set last week.

This increase in repo funding comes after Bank of England official Vicky Saporta urged banks operating in Britain to make greater use of the central bank’s repo facilities.

On Wednesday, Saporta noted that central bank bond sales and other loan repayments are currently draining liquidity from the financial system.

The repo operations serve as a mechanism for the central bank to provide short-term funding to financial institutions, helping maintain liquidity in the banking system.

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