LONDON, Oct 14 (Reuters) - Banks borrowed 6.344 billion pounds ($8.42 billion) from the Bank of England at a weekly indexed long-term repo for six-month funds on Tuesday, the most since March 2020, 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 much of the 875 billion pounds of quantitative easing gilt purchases it bought from 2009 to 2021.

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https://www.reuters.com/business/finance/bank-england-allots-most-6-month-repo-since-2020-2025-10-14/