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Can Someone Please Explain This News Release from the Bank of England? [View All]

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Home » Discuss » Topic Forums » Economy

Yavin4

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Thu Sep-15-11 10:26 AM
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Can Someone Please Explain This News Release from the Bank of England?

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In coordination with the European Central Bank, the Swiss National Bank, the Bank of Japan, and the Federal Reserve, the Bank of England is today announcing that it will conduct three US dollar tenders, each at a term of approximately three months covering the end of the year. These tenders will be in addition to the ongoing weekly 7-day tenders of dollar funding announced on 10 May 2010.

As before, these operations will be at fixed interest rates with counterparties able to borrow any amount against eligible collateral. The first tender will be held on Wednesday 12 October.

http://www.bankofengland.co.uk/publications/news/2011/084.htm

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