Published by Global Banking & Finance Review®
Posted on March 13, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleThe Bank of England has allotted a record £61.146 billion in its weekly short-term repo operation, surpassing the previous record of £58.208 billion.
(Reuters) - The Bank of England on Thursday allotted a record 61.146 billion pounds ($79.18 billion) in seven-day funds in its weekly short-term repo operation, higher than a previous record of 58.208 billion pounds set last month.
($1 = 0.7722 pounds)
(Reporting by Andy Bruce; editing by David Milliken)
The article discusses the Bank of England's record allotment of £61 billion in its short-term repo operation.
It marks a new record, surpassing the previous high of £58.208 billion, indicating increased demand for short-term funds.
The exchange rate provided is $1 = 0.7722 pounds.
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