Amadeusz Juskowiak

Uk money market deficit forecast at 800 mln stg

The Bank of England said it forecast a shortage of around 800 mln stg in the money market today

Among the main factors affecting liquidity bills maturing in official hands and the takeup of treasury bills will drain some 161 billion stg

Partly offsetting this outflow exchequer transactions and a fall in note circulation will add around 425 mln stg and 360 mln stg respectively In addition bankers balances above target will add some 20 mln stg to the system today