BoE injects £3.1bn liquidity into UK banks
First post-referendum liquidity auction sees banks draw £3.1 billion in long-term repos, mostly against the weakest eligible collateral class
UK banks borrowed £3.1 billion ($4.15 billion) in long-term liquidity today (June 28), at the Bank of England's first repo auction to be held since the EU referendum.
The auction was the last of three additional, indexed long-term repo (ILTR) operations to be scheduled around the vote, offering banks access to funds at a six-month maturity against eligible collateral.
The £3.1 billion figure is the largest amount allocated in the additional referendum auctions, but is not a notable outlier, as
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