Financial Briefs

Breaking financial news from Wall Street to Main Street

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.

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