Advertisement
Singapore markets closed
  • Straits Times Index

    3,410.81
    -29.07 (-0.85%)
     
  • Nikkei

    40,912.37
    -1.28 (-0.00%)
     
  • Hang Seng

    17,799.61
    -228.67 (-1.27%)
     
  • FTSE 100

    8,203.93
    -37.33 (-0.45%)
     
  • Bitcoin USD

    56,816.48
    -169.48 (-0.30%)
     
  • CMC Crypto 200

    1,174.16
    -34.53 (-2.86%)
     
  • S&P 500

    5,567.19
    +30.17 (+0.54%)
     
  • Dow

    39,375.87
    +67.87 (+0.17%)
     
  • Nasdaq

    18,352.76
    +164.46 (+0.90%)
     
  • Gold

    2,399.80
    +30.40 (+1.28%)
     
  • Crude Oil

    83.44
    -0.44 (-0.52%)
     
  • 10-Yr Bond

    4.2720
    -0.0830 (-1.91%)
     
  • FTSE Bursa Malaysia

    1,611.02
    -5.73 (-0.35%)
     
  • Jakarta Composite Index

    7,253.37
    +32.48 (+0.45%)
     
  • PSE Index

    6,492.75
    -14.74 (-0.23%)
     

Bank of England launches temporary expanded collateral repo facility

FILE PHOTO: A general view of the Bank of England (BoE) building in London, Britain

LONDON (Reuters) - The Bank of England said on Monday it would launch a temporary expanded collateral repo facility to help banks ease liquidity pressures facing their client funds caught up in the recent market turmoil which threatened pension funds.

The liquidity insurance operations will run beyond the end of this week, the bank said.

(Reporting by Sachin Ravikumar; Editing by William Schomberg)