BoE announces discontinue of 3-month Contingent Term Repo Facility (CTRF) operations at end of May 2020 in light of more stable funding market conditions

Market news

22 May 2020

BoE announces discontinue of 3-month Contingent Term Repo Facility (CTRF) operations at end of May 2020 in light of more stable funding market conditions

Says that final operation is scheduled to take place on May 28
Pledges to continue to offer 1-month CTRF operations on weekly basis at least through June 2020
Says CTRF operations can be rapidly reintroduced at any stage if justified by market conditions; BoE stands ready to do so if necessary, and will continue to monitor market conditions closely

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