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    Home > Finance > Bank of England allots record 61 billion pounds in short-term repo
    Finance

    Bank of England allots record 61 billion pounds in short-term repo

    Published by Global Banking & Finance Review®

    Posted on March 13, 2025

    1 min read

    Last updated: January 24, 2026

    Bank of England allots record 61 billion pounds in short-term repo - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    The 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.

    Bank of England Allocates Record £61 Billion in Repo Operation

    (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)

    Key Takeaways

    • •Bank of England sets a new record in repo operations.
    • •£61.146 billion allotted in seven-day funds.
    • •Previous record of £58.208 billion surpassed.
    • •Repo operations are crucial for short-term liquidity.
    • •Exchange rate: $1 = 0.7722 pounds.

    Frequently Asked Questions about Bank of England allots record 61 billion pounds in short-term repo

    1What is the main topic?

    The article discusses the Bank of England's record allotment of £61 billion in its short-term repo operation.

    2Why is this repo operation significant?

    It marks a new record, surpassing the previous high of £58.208 billion, indicating increased demand for short-term funds.

    3What is the exchange rate mentioned?

    The exchange rate provided is $1 = 0.7722 pounds.

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