Bank of England begin their long-signalled liquidity operations as the EU referendum draws ever closer 14 June 2016
– GBP 2.455bln allotted in indexed 6-month long-term repo
The BOE have been signalling for a while their intent to add liquidity in the run-in to the 23 June EU referendum vote but the lack of take-up will be of concern. Or perhaps the banks have gorged enough already at the table of cheap money.