LONDON (MNI) – The Bank of England said Wednesday it received no
bids at its 7-day unlimited dollar repo operations.
The ops were the latest operations to be offered under the new
cheaper interest rate policy announced by 6 central banks recently
when the rate charged by the Federal Reserve for dollar borrowing was
reduced from 100 bps to 50 bps.
–London newsroom: 00 44 20 7862 7499; e-ml: ukeditorial@marketnews.com
[TOPICS: M$B$$$,M$BDS$,M$$FI$,MT$$$$,M$$BE$]
