BoE increases cash available in weekly long-term repo operations
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FILE PHOTO: FILE PHOTO: People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. REUTERS/Henry Nicholls/File Photo
LONDON (Reuters) -The Bank of England said on Wednesday the amount of cash reserves available in each weekly long-term repo operation will rise to 35 billion pounds ($47.2 billion) from 25 billion pounds, in line with recalibrated parameters proposed last year.
($1 = 0.7422 pounds)
(Reporting by Muvija M, writing by Sachin Ravikumar; editing by Sarah Young)
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