Special liquidity scheme extended until January 30 2009

Oct. 1, 2008
The Bank of England has extended its special liquidity scheme until January 30 2009, surprising the market after Bank of England governor Mervyn King had seemingly ruled out an extension. The SLS was introduced in April to allow banks and building societies to exchange mortgages for Treasury backed short term bonds thus releasing more cash for new mortgages. NHBC chief …

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