BoE launches new liquidity facility in Euros

Industry News | 05/03/19

In a ‘prudent and precautionary’ step, the BoE has announced a new liquidity facility in Euros, under which it will offer to lend euros on a weekly basis. The first weekly operation will be on 13 March and operations will run until further notice. In these operations, eligible banks and building societies that are members of the Sterling Monetary Framework will be able to borrow in euros from the Bank of England.