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Following the announcement on 29 September of an increase in the size of the Bank of England's swap facility with the Federal Reserve, the Bank is today holding an additional US dollar repo operation with a maturity date of 7 October to lend $30bn of funds.
Published on
01 October 2008
This is alongside the continuing operations under the swap facility to lend $10bn of funds overnight, and the outstanding one-week operation for $30bn conducted last Friday. These operations will therefore bring the total provision of US dollar liquidity by the Bank to US$70bn.
Press release