The Bank of England is taking new steps to protect the UK economy from Brexit. The UK central bank is launching new weekly loans of euros to eligible banks and building societies, to prevent their currency reserves running short. The Bank says the new Liquidity Facility in Euros is a “prudent and precautionary step” that will help the financial system keep supporting the real economy. Under the scheme, banks can take assets to the Bank and used them as collateral for euro funds.
LeaveEUOfficial
Sunlit uplands....
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These are the companies cutting UK jobs and leaving the UK ahead of BrexitDozens of companies have cut jobs, beefed up their European operations or issued warnings on the impact of the UK's departure from the EU There fixed it = 30 days until the sky falls down.
Source: The Independent - 🏆 80. / 59 Read more »