BoE injects £3.1bn liquidity into UK banks

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Bank of England: banks bid for £6.3 billion in liquidity, but only 44% of 'marginal' bids were met

UK banks borrowed £3.1 billion ($4.15 billion) in long-term liquidity today (June 28), at the Bank of England's first repo auction to be held since the EU referendum.

The auction was the last of three additional, indexed long-term repo (ILTR) operations to be scheduled around the vote, offering banks access to funds at a six-month maturity against eligible collateral.

The £3.1 billion figure is the largest amount allocated in the additional referendum auctions, but is not a notable outlier, as

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