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Bank of England to suspend market operations on Sept. 19

Published 12/09/2022, 10:08
Updated 12/09/2022, 10:12
© Reuters. FILE PHOTO: A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. REUTERS/Maja Smiejkowska/File Photo

LONDON (Reuters) - The Bank of England said on Monday that it would suspend its CHAPS interbank payment services and sterling money market operations on Sept. 19, the day of Queen Elizabeth's funeral, in line with its normal practice for public holidays.

The BoE also said that the period over which interest is calculated for reserves deposited with it would be extended until Sept. 21, reflecting the one-week delay to its September monetary policy decision, which will be announced on Sept. 22.

 

 

Latest comments

Boe has one job to do regarding inflation, keep it around 2% - 3%, it’s now around 13% heading for 20% by January ..So why not take the rest of the year off , the economy might be better for it. Truss is now on a jolly with our new king, and this after turmoil the uk has been though with the conservative’s internal fighting with no one at the helm… I can only hope Truss is booking a holiday at the tax payers expence to get over doing NOTHING for the people & business suffering each day they do NOTHING. Would we notice any difference…?
You asked for brexit !
Long live the Queen 🤟🤟🤟
here comes the bank hokidays. they are preparing and conditioning the world towards the new digital monetary system and the takedown of the old system.
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