Bank of England issues auction information

The Bank of England published on Friday details of its forthcoming term auctions.

The notice lists:

the timing and structure of the auctions;

the collateral eligible and the arrangements for repo transactions; and

the treatment of loans secured against mortgages.

The Bank said on Wednesday that it would carry out additional three-month open market operations "to alleviate the strains in longer-maturity money markets." The three-month Libor (London inter-bank offered rate), which represents th

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