Published by Global Banking & Finance Review®
Posted on June 12, 2025
1 min readLast updated: January 23, 2026
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The Bank of England has allocated a record £68.929 billion in short-term repo funds, urging banks to utilize these facilities amid liquidity concerns.
LONDON (Reuters) -The Bank of England on Thursday allotted a record 68.929 billion pounds ($93.52 billion) in seven-day funds in its weekly short-term repo operation, higher than a previous record of 68.106 billion pounds last week.
BoE official Vicky Saporta said on Wednesday that banks operating in Britain should make more use of the BoE's repo facilities, as central bank bond sales and other loan repayments drain liquidity.
The central bank announced on Wednesday an increase in the amount of cash reserves available in each weekly long-term repo operation, which will rise to 35 billion pounds from 25 billion pounds.
($1 = 0.7370 pounds)
(Reporting by Suban Abdulla; editing by David Milliken)
The Bank of England allotted a record 68.929 billion pounds in its weekly short-term repo operation.
BoE official Vicky Saporta indicated that banks should utilize the repo facilities more due to liquidity being drained by central bank bond sales and other loan repayments.
The central bank announced an increase in the amount of cash reserves available in each weekly long-term repo operation, rising to 35 billion pounds from 25 billion pounds.
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