The Bank of England (BOE) has issued a statement on end of gilt market operations.
“As intended, these operations have enabled a significant increase in the resilience of the sector.”
“The temporary expanded collateral repo facility (TECRF), announced on 10 October, will remain available until its planned closing date of 10 November 2022.”
“Banks also have access to liquidity from the existing indexed long-term repo facility, the discount window facility and a weekly us dollar repo supported by international swap lines.”
“In addition, the bank makes available reserves via its short-term repo facility each week, designed to ensure short-term market rates remain close to bank rate.”
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