The Bank of England allocated approximately £140.845 billion in short-term repo operations.

⑴ The Bank of England allocated approximately £140.845 billion in its short-term repo operation. ⑵ This operation is a routine liquidity management tool, designed to meet the short-term funding needs of the banking system. ⑶ The scale of the allocation reflects a certain level of market demand for short-term pound liquidity; it will be important to monitor the Bank of England’s subsequent actions and changes in money market interest rates.