Bank of England Market Operations Guide

This is the Bank's published framework for market operations conducted in support of monetary and financial stability.

Overview

The Bank’s mission is to maintain monetary and financial stability. Our market operations are some of our most important tools in delivering this mission.

This guide explains how and why we operate in markets, and how our operations work in practice. Our Objectives explains how we use the assets and liabilities on our balance sheet to deliver the Bank’s mission. Our Tools outlines the facilities that are available to firms, and how they can be accessed. We hope that this guide aids your understanding of our market operations and supports you in their use.

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This page was last updated 10 June 2025