The Bank of England said it provided the money market with further assistance worth 518 mln stg this afternoon. It bought 349 mln stg of band one bank bills at 9-7/8 pct and 169 mln stg of band two bank bills at 9-13/16 pct. This brings its total assistance on the day to 543 mln stg compared with a liquidity shortage it has estimated at around 850 mln stg.
U.K. MONEY MARKET GIVEN FURTHER 518 MLN STG HELP