Markets and operations 1998 Q3

● The Bank’s repo rate was raised by 25 basis points to 7.5% on 4 June.

● Sterling markets showed marked movements at times during the second quarter of 1998, in response to both international and domestic influences.

● The yen weakened sharply.

● Some minor, mainly technical, adjustments were made to the procedures for the Bank’s open market operations..

Markets and operations