The Bank of England will take measures to prevent liquidity problems in the banking sector due to Brexit


The Bank of England announced that due to the upcoming Brexit in the period of March and April, repo auctions will be held weekly. Currently, auctions are held monthly. The British Central Bank is taking such a step to prevent a shortage of liquidity during the period of the country's withdrawal from the EU. Information about this is posted on the portal, which recalls that in 2016, before and after the referendum on leaving the European Union, the Bank of England also took such a step. As stated by the head of the Bank of England, Mark Carney, speaking at parliamentary hearings, the transition to weekly repo auctions is part of a contingency plan. He noted that the regulator does not predict a liquidity crisis in the market.

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