Bank of England Weekly Report 11 September 2024

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The Bank's Weekly Position as of 11 September 2024 to 4 September 2024

As per the latest weekly report, the bank has maintained a stable position in terms of its liabilities and assets. The sterling liabilities have increased slightly, standing at £750.575 million, while the reserves balances have also increased to £738.939 million. The notes in circulation remain relatively unchanged, with a slight increase to £88.985 million.

On the asset side, the bank has continued to utilize short-term open market operations, with a focus on indexed long-term repo and term funding schemes for small and medium-sized enterprises (SMEs). The sterling denominated bond holdings have also increased, standing at £14.860 million. The loan to Asset Purchase Facility remains steady at £695.024 million.

In terms of foreign currency positions, the liabilities have increased slightly, while the foreign currency reserve assets have also increased, reaching £15.345 million. Overall, the bank's position remains stable and within expected levels.