Bank of England reports rise in reserves and short-term repo

Bank of England reports rise in reserves and short-term repo

The Bank of England's weekly report for 24 December 2025 shows an increase in reserves balances and short-term open market operations. Notes in circulation also rose during the week.

Sterling liabilities expand

Reserves balances held at the Bank of England increased by £4,007 million to £656,873 million as of 24 December 2025, up from £652,866 million the previous week.

Notes in circulation also rose by £770 million to reach £97,714 million from £96,944 million on 17 December 2025.

These movements reflect typical year-end financial system dynamics.

Open market operations grow

Short-term open market operations, primarily short-term repo, expanded significantly by £5,019 million to £98,162 million.

Long-term indexed repo operations saw a slight decrease.

The Loan to Asset Purchase Facility remained unchanged at £558,069 million.