The BoE uses the weekly repo to help keep money market rates close to its official Bank Rate
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The Bank of England allotted 7.587 billion pounds ($9.50 billion) of one-week funds in its short-term repo operation on Thursday, the largest usage of the facility since it launched in October 2022, after records were set in recent weeks.
The BoE uses the weekly repo to help keep money market rates close to its official Bank Rate. ($1 = 0.7990 pounds) (Writing by William Schomberg; editing by David Milliken)
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