Asset Purchase Facility

The Bank is today publishing its response to a letter from the Chancellor concerning the Asset Purchase Facility.
Published on 29 January 2009

The Government announced on 19 January that it was authorising the Bank to purchase a range of high quality assets as part of a package of measures to increase the availability of corporate credit. The Chancellor has today written to the Bank outlining the framework within which the Bank is authorised to set up and operate the facility. The Bank's response is attached to this news release.

PDFPress release


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