U.K. MONEY MARKET GIVEN 224 MLN STG ASSISTANCE
The Bank of England said it had provided
the money market with 224 mln stg help in the morning session.
This compares with the Bank's forecast of a shortage in the
system today of around 850 mln stg which it earlier revised up
from 800 mln.
    The central bank bought bank bills comprising 27 mln stg in
band one at 9-7/8 pct, 21 mln stg in band two at 9-13/16 pct
and 171 mln stg in band three at 9-3/4 pct.
    It also purchased three mln stg of treasury bills and two
mln stg of local authority bills in band three at 9-3/4 pct.
 REUTER
