The operational lending facility of the Bank of England increased notably in 2022 and 2023, after years of marginal changes in the rate. As of November 2023, the operational lending facility stood at 5.5 percent, the highest in the observed period. The operational lending facility consists of an overnight lending transaction collateralized against high-quality, highly liquid assets. The Bank of England applies a 25 basis point premium above the bank rate for this facility.
Operational lending facility rate of the Bank of England from 1st quarter 2014 to 3rd quarter 2023
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Bank of England. (February 20, 2024). Operational lending facility rate of the Bank of England from 1st quarter 2014 to 3rd quarter 2023 [Graph]. In Statista. Retrieved October 05, 2024, from https://www.statista.com/statistics/1422099/bank-of-england-operational-lending-facility/
Bank of England. "Operational lending facility rate of the Bank of England from 1st quarter 2014 to 3rd quarter 2023." Chart. February 20, 2024. Statista. Accessed October 05, 2024. https://www.statista.com/statistics/1422099/bank-of-england-operational-lending-facility/
Bank of England. (2024). Operational lending facility rate of the Bank of England from 1st quarter 2014 to 3rd quarter 2023. Statista. Statista Inc.. Accessed: October 05, 2024. https://www.statista.com/statistics/1422099/bank-of-england-operational-lending-facility/
Bank of England. "Operational Lending Facility Rate of The Bank of England from 1st Quarter 2014 to 3rd Quarter 2023." Statista, Statista Inc., 20 Feb 2024, https://www.statista.com/statistics/1422099/bank-of-england-operational-lending-facility/
Bank of England, Operational lending facility rate of the Bank of England from 1st quarter 2014 to 3rd quarter 2023 Statista, https://www.statista.com/statistics/1422099/bank-of-england-operational-lending-facility/ (last visited October 05, 2024)
Operational lending facility rate of the Bank of England from 1st quarter 2014 to 3rd quarter 2023 [Graph], Bank of England, February 20, 2024. [Online]. Available: https://www.statista.com/statistics/1422099/bank-of-england-operational-lending-facility/