BOE Receives No Bids At 7-Day Dollar Repo

LONDON (MNI) – The Bank of England said Wednesday it received no
bids at its 7-day unlimited dollar repo operation.

The dollar repo operations were reintroduced by the Bank of England
as part of a co-ordinated move by G7 central banks to inject dollar
funds into the money markets if needed.

–London newsroom: 00 44 20 7862 7499; e-ml: ukeditorial@marketnews.com

[TOPICS: M$B$$$,M$BDS$,M$$FI$,MT$$$$,M$$BE$]