The table below outlines when the Bank's Sterling Monetary Framework operations will normally take place. The Bank reserves the right to change the dates or frequency of these operations in light of bank holidays or developments in market conditions.
|Short-Term Weekly OMO
12.15-12.20pm on MPC decision days
|End-Maintenance period Fine Tune OMO
|Wednesday before the MPC announcement
|Indexed Long-Term Repos
|Gilt purchase OMO
|Monday after publication of MPC minutes
Calendar of operations in 2017
In addition, the Bank may carry out fine-tune OMOs on any day if circumstances are such that this is needed to ensure a smooth pattern of reserves supply and so to achieve its rate-setting objective.
Operational Standing Facilities and the Discount Window Facility are available all day, every day, subject to the relevant settlement system deadlines as set out in the SMF Documentation.