Finance
Bank of England allots most in 6-month repo since 2020
Published by Global Banking and Finance Review
Posted on October 14, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 14, 2025
1 min readLast updated: January 21, 2026
The Bank of England's six-month repo borrowing hit £6.344 billion, the highest since March 2020, as it shifts from excess reserves and unwinds quantitative easing.
LONDON (Reuters) -Banks borrowed 6.344 billion pounds ($8.42 billion) from the Bank of England at a weekly indexed long-term repo for six-month funds on Tuesday, the most since March 2020, at the start of the COVID-19 pandemic.
The BoE has been seeking to increase usage of the facility as it shifts away from a system of excess reserves in Britain's banking system and unwinds much of the 875 billion pounds of quantitative easing gilt purchases it bought from 2009 to 2021.
(Writing by William Schomberg; editing by Suban Abdulla)
A central bank is a national financial institution that oversees the monetary system for a country or group of countries. It manages currency issuance, monetary policy, and financial stability.
Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates to achieve macroeconomic objectives such as controlling inflation and stabilizing currency.
The UK economy refers to the economic system of the United Kingdom, characterized by a mixed economy with a significant service sector, manufacturing, and financial services.
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