Bank to hold two $30 bln 1-wk auctions this week

Mon Oct 6, 2008 3:51pm BST
 
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LONDON (Reuters) - The Bank of England said on Monday it would conduct two one-week dollar auctions, both for $30 billion, this week.

It said the first would be held on October 7 and the second on October 10.

It added it would continue its policy of offering $10 billion of overnight funding each day until further notice.

 
Detail showing a commercial U.S. Dollar rate against British Sterling is displayed in central London in this file photo December 1, 2006.  REUTERS/Toby Melville
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