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Home > Markets and Payments > Sterling Monetary Framework - Schedule of Operations

Sterling Monetary Framework - Schedule of Operations

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.

Operations Day Time
​Indexed Long-Term Repos ​Tuesday ​10.00-10.30am
Short-Term Weekly OMO
(Currently suspended)
Thursday 10.00-10.05am, or

12.15-12.20pm on MPC decision days
End-Maintenance period Fine Tune OMO
(Currently suspended)
Wednesday before the MPC announcement 10.00-10.05am
Gilt purchase OMO
(Currently suspended)
Monday after publication of MPC minutes 2.15-2.45pm

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.