Finance
Bank of England lends record 74 billion pounds in weekly repo
Published by Global Banking & Finance Review®
Posted on July 3, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 3, 2025
1 min readLast updated: January 23, 2026
The Bank of England set a new record by allotting £74.225 billion in its weekly repo operation, surpassing last week's record. This operation supports banks with reserves.
(Reuters) -The Bank of England allotted a record 74.225 billion pounds ($101.32 billion) in seven-day funds in its weekly short-term repo operation on Thursday, higher than a previous record of 72.782 billion pounds set last week.
The central bank uses its short-term repo operations as a way to provide banks with reserves as it sells down its stockpile of government bonds bought under its quantitative easing programme.
($1 = 0.7325 pounds)
(Reporting by Andy Bruce; editing by Sarah Young)
The Bank of England allotted a record 74.225 billion pounds ($101.32 billion) in its weekly short-term repo operation.
The central bank uses its short-term repo operations to provide banks with reserves while selling down its stockpile of government bonds bought under its quantitative easing programme.
The recent allotment of 74.225 billion pounds is higher than the previous record of 72.78 billion pounds.
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