Monday, 24 January 2022

Tag Archives: BoE

BoE to buy 554mn stg of gilts over next 3 months

LONDON: The Bank of England said that it intended to buy 554 million pounds ($691.95 million) of British government bonds over the next three months independently of its main asset purchase programme. The BoE said the purchases were part of its programme of investment of its free capital and reserves. ...

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Bank of England eases rules for credit unions during pandemic

LONDON: The Bank of England has allowed credit unions to set aside less capital to cover borrowers unable to repay loans during the coronavirus crisis. Where a loan is more than three months in arrears, a credit union can provision for 20pc of the loan with immediate effect until January, ...

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