Bank of England lends record 74 billion pounds in weekly repo

(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)