BoE paves the way for end of APF with collateral rule change

February 18, 2011 12:00 AM

The Bank of England announced on February 11 that it was changing the collateral rules for the sterling monetary framework — pushing most rates products outside its "narrow collateral" bucket. Government debt from the US, Canada, Germany, France and the Netherlands, alongside Gilts, will be the only eligible narrow collateral.

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