Economy
THE Bank of England (BoE) said on Tuesday it would extend its weekly indexed long-term repo operations longer than previously planned to ensure commercial banks continue to have adequate sterling liquidity.
Britain is due to leave the European Union on Oct. 31, but parliament has called for a delay unless Prime Minister Boris Johnson reaches a new deal with the EU. The weekly long-term repos had previously been due to stop at the end of November.
“This is a precautionary step to provide additional flexibility in the Bank’s provision of liquidity insurance over the coming months,” the BoE said. (Reuters/NAN)
– Oct. 1, 2019 @ 13:25 GMT |
Tags: Brexit: Bank of England extends long-term repo operationsRelated Posts
Most Read
EducationABU International Studies Alumni offers scholarships to 20 indigent students By editor1 MIN READ
AfricaEnergy Industry Congratulates John Mahama on Re-election, Commends Progress in Oil and Gas SectorBy editor1 MIN READ
BusinessAfreximbank participates in Bank of Industry Nigeria’s syndicated facility of up to EUR 2-billionBy editor1 MIN READ
