Market Fears Spark Bank's Crisis Lending ; in Association with Rensburg Sheppards Emergency Facility Is Activated
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Summary
THE Bank of England said yesterday its emergency lending facility had been called upon for the first time in more than a month.
The Bank lent pounds 314m on Monday through its standing facility, which allows other banks to borrow unlimited amounts of money overnight at a penalty interest rate of 100 basis points over the base rate - currently 5.75%.See the full content of this document
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Market Fears Spark Bank's Crisis Lending ; in Association with Rensburg Sheppards Emergency Facility Is Activated
This is the first time that a bank has accessed the funds since July 17, before the recent turmoil in...
See the full content of this document
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