Banks Borrow Record £100.9 Billion From BOE Short-Term Repo Tool

Banks borrowed a record amount from a Bank of England repo facility, signaling growing demand for cash at a time when the central bank continues to drain excess liquidity from...

By Greg Ritchie, James Hirai · Bloomberg Markets

Banks borrowed a record amount from a Bank of England repo facility, signaling growing demand for cash at a time when the central bank continues to drain excess liquidity from the financial system.