Finance
Bank of England allots record 54.7 billion pounds in short-term repo
Published by Global Banking & Finance Review®
Posted on February 13, 2025
1 min readLast updated: January 26, 2026
Quick Summary
The Bank of England allotted a record £54.7 billion in seven-day funds, surpassing last week's record, indicating active financial market management.
Bank of England Allocates Record £54.7 Billion in Repo
LONDON (Reuters) - The Bank of England on Thursday allotted a record 54.666 billion pounds ($68.30 billion) in seven-day funds in its weekly short-term repo operation, higher than a previous record set last week of 53.417 billion pounds.
($1 = 0.8004 pounds)
(Writing by William Schomberg; editing by David Milliken)
Key Takeaways
- •The Bank of England allotted a record £54.7 billion in short-term funds.
- •This surpasses the previous record of £53.4 billion set last week.
- •The operation involved seven-day funds.
- •The exchange rate at the time was $1 = 0.8004 pounds.
- •The operation reflects ongoing financial market conditions.
Frequently Asked Questions about Bank of England allots record 54.7 billion pounds in short-term repo
1What is the main topic?
The article discusses the Bank of England's record allotment of £54.7 billion in a short-term repo operation.
2Another relevant question?
Why is the Bank of England's repo operation significant? It reflects the central bank's response to current financial market conditions.
3Third question about the topic?
What was the previous record? The previous record was £53.4 billion set last week.
