This article provides a full description of the Bank of England’s arrangements for its money market operations. No changes to the operations are being announced at this time: the article updates the description provided in the May 1997 Quarterly Bulletin to take account of adaptations that have occurred over the past five years. This article has also been published as a separate paper, which can be found on the Bank of England’s web site at www.bankofengland.co.uk/markets/money/stermm3.htm
Full and definitive technical details of the Bank of England’s operations in the sterling money markets, and of related settlement procedures, are contained in the Operational Notice, available at www.bankofengland.co.uk/markets/money/mmopnot.htm
The Bank of England’s operations in the sterling money markets