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U.K. MONEY MARKET GIVEN FURTHER 437 MLN STG HELP
The Bank of England said it had provided the
money market with a further 437 mln stg assistance in the
afternoon session. This brings the Bank's total help so far
today to 461 mln stg and compares with its revised shortage
forecast of 450 mln stg.
The central bank made purchases of bank bills outright
comprising 120 mln stg in band one at 10-7/8 pct and 315 mln
stg in band two at 10-13/16 pct.
In addition, it also bought two mln stg of treasury bills
in band two at 10-13/16 pct.
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