UPDATE: BoE’s CP Fund business brisk

The Bank of England’s Asset Purchase Facility bought a sizeable amount of commercial paper last week, figures released on Friday show. Use of the fund had seemed to be winding down, with the fund buying £76m in the last week of March, £50m in the first week of April and only £15m in the second week of April. The fund had previously bought an average of £378m since the introduction of the scheme. But last week, the APF bought $345m and this week bought $125m, showing that use of the scheme remains attractive.