Finance
Bank of England weekly repo tops 100 billion pounds for first time
Published by Global Banking and Finance Review
Posted on January 29, 2026
1 min readLast updated: January 29, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 29, 2026
1 min readLast updated: January 29, 2026
The Bank of England's weekly repo exceeded 100 billion pounds for the first time, marking a shift towards a repo-led liquidity system.
LONDON, Jan 29 (Reuters) - The Bank of England allotted more than 100 billion pounds to banks in its weekly short-term repo on Thursday for the first time since the programme started in 2022.
The central bank allotted 100.885 billion pounds ($139.22 billion) in 7-day funds to banks in return for collateral, up from 97.876 billion pounds last week and passing a previous record of 99.300 billion pounds on January 15.
Usage of the BoE's weekly and longer-term repo facilities has been growing as the BoE unwinds its past quantitative easing bond purchases and shifts towards a repo-led system for providing liquidity to the British financial system.
($1 = 0.7246 pounds)
(Reporting by David Milliken, editing by Andy Bruce)
A central bank is a financial institution that manages a country's currency, money supply, and interest rates, overseeing monetary policy and providing financial stability.
Liquidity refers to how easily assets can be converted into cash without affecting their market price, essential for maintaining smooth financial operations.
Monetary policy is the process by which a central bank manages the money supply and interest rates to achieve macroeconomic objectives like controlling inflation and stabilizing currency.
Financial markets are platforms where buyers and sellers engage in the trade of assets such as stocks, bonds, currencies, and derivatives, facilitating capital allocation.
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