U.K. MONEY MARKET GIVEN 345 MLN STG ASSISTANCE
The Bank of England said it had provided
the money market with 345 mln stg help in the morning session.
This compares with its forecast of a shortage of around 800 mln
stg in the system today.
    The central bank made outright purchases of bank bills
comprising 58 mln stg in band one at 9-7/8 pct, 227 mln stg in
band two at 9-13/16 pct, 56 mln stg in band three at 9-3/4 pct
and four mln stg in band four at 9-11/16 pct.
    Dealers noted that this was the first time bills in band
four, which have a maturity of between two and three months,
have been dealt in the market since mid-February.
 REUTER
