We use necessary cookies to make our site work (for example, to manage your session). We’d also like to use some non-essential cookies (including third-party cookies) to help us improve the site. By clicking ‘Accept recommended settings’ on this banner, you accept our use of optional cookies.
Necessary cookies
Analytics cookies
Yes
Yes
Yes
No
Necessary cookies
Necessary cookies enable core functionality on our website such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.
Analytics cookies
We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. For more information on how these cookies work please see our Cookie policy.
Reforms to the Bank of England's Operations in the Sterling Money Markets: Target Launch Date for the New Framework
The Bank is today announcing that, subject to conducting a successful dress rehearsal, it is aiming to introduce the new reserve-averaging scheme and standing facilities on 18 May 2006.
Published on
29 March 2006
This reflects continued good progress in the Bank’s own preparations and those of the prospective reserve scheme members and counterparties.
As announced in December, the Bank will finally decide the launch date following a rehearsal involving external participants in April. The contingency launch date is 15 June.
Press release