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Bloomberg
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Bank of England Revamps Rarely Used Bank Funding Facility
The Bank of England has lowered the pricing on a funding facility designed to help banks manage short-term liquidity shocks. The tool has been used only once since it was created in 2008. The move is intended to make the facility more attractive and accessible to the banking sector.
The Bank of England has lowered the pricing on a funding tool designed to help banks withstand short-term liquidity shocks, a move that may boost the attractiveness of a facility only used once since its creation in 2008.