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
(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

Long-Term Repos

Tuesday mid-month

10.00-10.30am

Gilt purchase OMO
(Currently suspended)

Monday after publication of MPC minutes

2.15-2.45pm

PDF Icon Calendar of operations in 2010 H1 (15k)

PDF Icon 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.

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