Bank of England extends CTRF emergency liquidity measure

LONDON (Reuters) - The Bank of England said on Monday it would extend an emergency liquidity measure, the three-month Contingent Term Repo Facility (CTRF), to run until the end of April and it would also hold a one-month CTRF operation each week until May 1.

The BoE reactivated the facility last week as part of its attempts to keep financial markets running smoothly during the coronavirus crisis.

"The Bank will continue to monitor market conditions carefully and the operation of the CTRF remains under review," it said in a statement on Monday. "The Bank stands ready to take additional action if necessary."

(Writing by William Schomberg, editing by Estelle Shirbon)