Central Banking

Bank of England resumes settlement after 'technical issue’

Bank of England
Bank of England

The Bank of England's (BoE) real-time gross settlement (RTGS) system is back up and running after a "technical issue" caused part of it to be closed for several hours today.

"The Bank of England confirms it is now processing payments through RTGS as normal," it said in a statement. "We have extended opening hours until 20:00hrs (BST) to maximise the opportunity for settlement."

Details remain scarce on what the problem was that caused the BoE to "pause" settlement for most of the day. The centra

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