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U.K. MONEY MARKET GIVEN 53 MLN STG ASSISTANCE
The Bank of England said it provided the
money market with 53 mln stg assistance in the morning session.
This compares with the bank's estimate of a shortage in the
system of around 300 mln stg which it earlier revised up from
250 mln.
The central bank made outright purchases of bank bills
comprising 46 mln stg in band three at 9-3/4 pct and seven mln
stg in band four at 9-11/16 pct.
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