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U.K. MONEY MARKET GIVEN FURTHER 168 MLN STG HELP
The Bank of England said it had provided
the money market with a further 168 mln stg assistance in the
afternoon session. This takes the Bank's total help so far
today to 1.88 billion stg and compares with its estimate of a
record two billon stg shortage in the system.
The central bank purchased bank bills outright comprising
25 mln stg in band one at 9-7/8 pct, 138 mln stg in band two at
9-13/16 pct and three mln stg in band three at 9-3/4 pct.
It also bought two mln stg of treasury bills in band two at
9-13/16 pct.