Bank of England Responds Once Again.The BoE is to offer GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 5.0B in 3-day repo Repo An agreement in which one party sells a security to another party and agrees to repurchase it on a specified date for a specified price. See: Repurchase agreement. repo See repurchase agreement (RP). in an exceptional fine-tuning operation at 8.45GMT (Greenwich Mean Time) See UTC. GMT - Universal Time 1 today, with funds offered at the 5.00% repo rate. The BoE said the operation was a response to ease conditions in short term money markets. The BoE also said that reserves targets ranges would remained unchanged for now, but this was under review. The ECB See electronic code book. announced earlier that it is conducting overnight money market fine-tuning operations, without specifying the amount offered 2008 Al Bawaba (Albawaba.com) Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion