
Banks borrowed 5.085 billion pounds ($6.84 billion) from the Bank of England at its weekly indexed long-term repo for six-month funds on Tuesday, the greatest amount since March 2020 when there was a surge of demand at the start of the COVID-19 pandemic.
The BoE has been seeking to increase usage of the facility as it shifts away from a system of excess reserves in Britain’s banking system and unwinds






