The Bank of England announced Thursday that it had allocated 46.180 billion pounds ($57.49 billion) at its first short-term repo of 2025, which is the second-highest sum ever recorded. This is an increase from the 38.075 billion pounds at a repo on December 19.
In exchange for high-quality collateral, banks can borrow money from the BoE through the short-term repo, which is intended to keep interbank lending rates near its policy interest rate. The repo is typically available for a duration of seven days.
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