Update: Bank of England’s APF buys £174m of CP

Update: Bank of England’s APF buys £50m of CP The Bank of England said on Friday it bought £174m of commercial paper in the week to May 14 through its asset purchase facility. The total CP held by the facility went from £2.015bn the previous week to £2.209bn. Last week, the facility bought £50m of CP, but in the previous week it did not buy any, the first time no issuers or investors had sold paper to the fund since the facility was launched on February 13.