UK Banks Set New Record: A Staggering £51.4 Billion Borrowed Through BOE Repo Program

In a dramatic turn of events, UK banks have accessed a record £51.4 billion from the Bank of England (BOE) via its repurchase agreement (repo) program, signaling heightened liquidity demands amid an uncertain economic climate. The substantial withdrawal marks the highest level of borrowing since the BOE initiated its emergency lending facility.

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