Published by Global Banking & Finance Review®
Posted on March 11, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleThe Bank of England allocated £2.127 billion in its largest indexed long-term repo since April 2020, providing six-month funds to banks.
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)
The Bank of England allotted 2.127 billion pounds ($2.75 billion) in six-month funds.
The indexed long-term repo operation provides cash for six months against a wider range of collateral than the Short-Term Repo.
This is the most money allotted since April 2020.
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