Boe Swamped by Clamour for Loans

Summary


THE extent of the demand for cash in the London money markets was highlighted today after the Bank of England's weekly so-called open market operations were again vastly oversubscribed.

The Bank said it lent [pounds]66.2 billion in further liquidity to sterling money markets.

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Extract


Boe Swamped by Clamour for Loans

It received bids for more th...

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