Published by Global Banking & Finance Review®
Posted on March 20, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleThe Bank of England set a new record by lending 62.509 billion pounds in its weekly short-term repo operation, surpassing last week's record.
(Reuters) - The Bank of England on Thursday allotted a record 62.509 billion pounds ($80.94 billion) in seven-day funds in its weekly short-term repo operation, higher than a previous record of 61.146 billion pounds set last week.
($1 = 0.7723 pounds)
(Reporting by Andy Bruce; editing by Suban Abdulla)
The article discusses the Bank of England's record-setting short-term repo operation, where it lent 62.509 billion pounds.
It marks a new record in the amount lent, indicating significant demand for short-term funds.
The previous record was 61.146 billion pounds, set just last week.
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