BoE's new framework for sterling money markets

The Bank of England confirmed Wednesday that it will launch its new framework for official operations to implement interest rate decisions in the sterling money markets on 18 May.

The new framework will represent a fundamental change in the way interest rate decisions made by the Monetary Policy Committee are channelled into the financial system, and in the framework within which banking system liquidity is managed.

The reforms will modernise the nature of the market operations undertaken betw

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