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Home Headlines Bank of England publishes rules for energy firms’ liquidity tool

Bank of England publishes rules for energy firms’ liquidity tool

by Uma
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2022 10 17T094607Z 1 LYNXMPEI9G0CB RTROPTP 4 BRITAIN PENSIONS REGULATOR

LONDON (Reuters) – The Bank of England published on Monday the rules for energy firms seeking to use a new liquidity tool designed to help them cope with swings in gas prices caused by the war in Ukraine.

The BoE said applications for using the scheme, which launches on Monday, would run until Jan. 27.

($1 = 0.8872 pounds)

 

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(Writing by William Schomberg; editing by William James)

 

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