Bank of England launches new liquidity provision framework
The Bank of England (BoE) has launched sweeping changes to the way it lends money to banks in a bid to avoid a liquidity shortage similar to that which dogged UK lenders during the financial crisis.
The new framework, which was unveiled by governor Mark Carney in October following a year-long review, will see the BoE provide "more liquidity at cheaper rates, longer maturities and against a wider range of collateral than previously available" to banks and other mortgage lenders, with a
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