Reported 2 days ago
On January 2, 2025, the Bank of England announced it had allotted £46.180 billion ($57.49 billion) in its first short-term repo of the year, marking the second-highest allotment on record, following the previous £38.075 billion allotment on December 19. This short-term repo mechanism helps banks borrow funds with quality collateral to maintain stable interbank lending rates.
Source: YAHOO