Bank of England allots most money since 2020 at indexed long-term repo

LONDON (Reuters) - The Bank of England said it allotted 2.127 billion pounds ($2.75 billion) of six-month funds to banks at an indexed long-term repo operation on Tuesday, the most since April 2020 during the early stages of the COVID-19 pandemic.

The ILTR facility offers cash for six months against a wider range of collateral than the BoE's much more heavily used Short-Term Repo, which provides seven-day funds.

($1 = 0.7736 pounds)

(Writing by William Schomberg; editing by David Milliken)