Amadeusz Juskowiak

Uk money market deficit forecast at 350 mln stg

The Bank of England said it forecast a shortage of around 350 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 525 mln stg while bankers balnces below target will take out around 175 mln stg

Partly offsetting these outflows exchequer transactions and a fall in note circulation will add some 300 mln stg and 40 mln stg to the system respectively