Bank of England adopts new liquidity facility

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters

The Bank of England announced it plans to introduce new liquidity facility to ease the stress in the financial markets. The facility is known as Extended Collateral Term Repo and is aimed at decreasing risks to stability in financial market. The novelty will provide additional flexibility to the bank by offering British currency liquidity in the format of auction against wider range of the collateral.

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