Bank of England cuts liquidity offering
Posted by financialbriefs on September 25, 2008
The Bank of England cut its offer of liquidity to the sterling money markets on Thursday, offering only an additional £5bn in one-week repurchase agreements, down from an additional £25bn last week.
The total auction was £52.8bn, down £14bn from the previous week. Weekly offerings fluctuate with the Bank’s estimate of the market’s reserve requirements.
