Carney Says BOE Revamp Offers Wider Access to Cheaper Funds
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Bank of England Governor Mark Carney unveiled an overhaul of the central bank’s money-market operations to widen access and cut the cost of liquidity insurance to the financial system.
The BOE will expand the range of collateral it accepts in its facilities and offer money for longer periods on cheaper terms, Carney said in a speech in London late yesterday. Officials will also consider making some liquidity tools available to a wider array of institutions.