BoE to wind up euro liquidity facility
Improvement in funding market conditions means euro funding is no longer needed, BoE says
The Bank of England will suspend the operation of its euro liquidity facility in co-ordination with the European Central Bank from October 2021.
In a statement on July 29, the BoE said that a “sustained improvement” in funding market conditions meant the Liquidity Facility in Euros (LiFE) could be wound up.
“The final operation is scheduled to take place on September 29, 2021, but the facility could be rapidly reactivated at any stage if justified by market conditions,” the BoE said.
LiFE
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