Bank of England allots most at indexed repo operation since Dec 2022
LONDON (Reuters) - The Bank of England said it allotted 513 million pounds ($652 million) at a six-month indexed long-term repo (ILTR) operation on Tuesday, the largest amount since December 2022.
The BoE holds weekly indexed long-term repo operations to provide financial institutions with liquidity in exchange for high-quality collateral.
($1 = 0.7872 pounds)
(Writing by William Schomberg; editing by David Milliken)