News Tag: £185bn

February 4, 2009

Bank of England lent £185bn under SLS

by Kay Murchie
The special liquidity scheme (SLS), which was set up to encourage banks and building societies to lend by allowing them to temporarily swap assets that were difficult to trade, has lent £185 billion since last April. The scheme, set up by the Bank of England, was originally for six months only but it was extended to the end of this month ...

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