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    1. Home
    2. >Finance
    3. >Bank of England allots record 54.7 billion pounds in short-term repo
    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 read

    Last updated: January 26, 2026

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    A visual representation of the Bank of England's record allocation of £54.7 billion in short-term repo operations, highlighting the significant increase in funds and its impact on the finance sector.
    Bank of England's record £54.7 billion short-term repo allocation - Global Banking & Finance Review
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    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.

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