UPDATE: BoE’s CP fund buys £345 more this week
The Bank of England’s Asset Purchase Facility continued to be used enthusiastically this week for the purchasing of commercial paper, figures released on Friday show. In its fifth week, to 19 March, the fund bought £345m of CP, taking its total holding to £1.891bn. In the first four weeks it bought £340m, £480m, £164m and £561m respectively. Participation looks set to continue rising as more companies, as well as banks, achieve eligibility.
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