BoE ramps up liquidity auctions as Brexit looms

Bank of England
Daniel Hinge

The Bank of England is to offer additional liquidity auctions as it prepares for the growing possibility of the UK crashing out of the European Union with no deal.

The central bank said it would hold weekly auctions in its indexed long-term repo facility from early March until end-April, encompassing the weeks on either side of March 29, the UK’s current departure date from the EU. The BoE took similar action around the 2016 Brexit referendum.

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