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 |
ShortTerm Weekly OMO |
Thursday | 10.00-10.05am, or |
End-Maintenance period Fine Tune OMO |
Wednesday before the MPC announcement | 10.00-10.05am |
Long-Term Repos |
Tuesday mid-month | 10.00-10.30am |
Gilt purchase OMO |
Monday after publication of MPC minutes | 2.15-2.45pm |
Calendar of operations in 2010 H1 (15k)
Calendar of operations in March 2010 Maintenance Period (13k)
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.
The schedule of extended long-term repos is as set out in the current Market Notice.
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.
