Advertisement
UK markets close in 2 hours 38 minutes

  • FTSE 100

    8,380.12
    +26.07 (+0.31%)
     

  • FTSE 250

    20,557.19
    +65.20 (+0.32%)
     

  • AIM

    782.44
    +2.61 (+0.33%)
     

  • GBP/EUR

    1.1618
    -0.0004 (-0.03%)
     

  • GBP/USD

    1.2504
    +0.0007 (+0.06%)
     

  • Bitcoin GBP

    49,149.96
    -552.46 (-1.11%)
     

  • CMC Crypto 200

    1,324.50
    +24.40 (+1.88%)
     

  • S&P 500

    5,187.67
    -0.03 (-0.00%)
     

  • DOW

    39,056.39
    +172.13 (+0.44%)
     

  • CRUDE OIL

    79.57
    +0.58 (+0.73%)
     

  • GOLD FUTURES

    2,334.80
    +12.50 (+0.54%)
     

  • NIKKEI 225

    38,073.98
    -128.39 (-0.34%)
     

  • HANG SENG

    18,537.81
    +223.95 (+1.22%)
     

  • DAX

    18,664.46
    +166.08 (+0.90%)
     

  • CAC 40

    8,155.20
    +23.79 (+0.29%)
     
Money:

Best UK mortgage deals of the week

As Bank of England holds interest rates, here's what high street banks are offering home buyers.

SNB to use SNB bills and repo transactions to absorb liquidity - Maechler

Reuters
·1-min read
Swiss National Bank (SNB) logo is pictured on its building in Bern

ZURICH (Reuters) - The Swiss National Bank is going to use SNB bills and repo transactions to absorb liquidity in order to ensure short-term money market rates remain close to the now positive policy rate, governing board member Andrea Maechler said on Thursday.

"We are adjusting our implementation approach," said Maechler in comments prepared for a speech she was due to give after the SNB announced a rate hike, adding the new approach consisted in absorbing liquidity via open market operations and a tiered remuneration of sight deposits banks hold at the SNB.

(Reporting by Silke Koltrowitz; Editing by Michael Shields)