Economic Globe – Global Economic Journal
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In its weekly short-term repo operation on Thursday, the Bank of England allocated a record 74.225 billion pounds ($101.32 billion) in seven-day funds, surpassing the previous record of 72.782 billion pounds established the week before.
As it reduces its holdings of government bonds purchased under its quantitative easing program, the central bank employs its short-term repo operations to give banks reserves.
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