Published by Global Banking & Finance Review®
Posted on August 28, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleThe Bank of England allocated a record £75.65 billion in its short-term repo operation, surpassing previous records, to provide banks with necessary reserves.
LONDON (Reuters) -The Bank of England on Thursday allotted a record 75.652 billion pounds ($102.20 billion) in seven-day funds in its weekly short-term repo operation, higher than a previous record of 74.225 billion pounds set in July.
The BoE has increasingly used its short-term repo operations as a way to provide banks with reserves as it runs down the stockpile of government bonds which it bought under its quantitative easing programme.
($1 = 0.7402 pounds)
(Writing by William Schomberg; editing by David Milliken)
The Bank of England allotted a record 75.652 billion pounds ($102.20 billion) in its weekly short-term repo operation.
The BoE has increasingly used its short-term repo operations to provide banks with reserves as it runs down the stockpile of government bonds.
This allotment is higher than a previous record, reflecting the Bank's strategy to manage liquidity in the financial system.
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