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<p>via Reuters:</p><ul><li>           <p> Bank of England says facility is to enable banks ease liquidity pressures facing their client LDI funds through liquidity insurance ops</p></li><li><p> In final week of operations, the Bank is announcing additional measures to support an orderly end of its purchase scheme</p></li><li><p>Bank will stand ready to increase the size of its daily auctions to ensure there is sufficient capacity for gilt purchases ahead of Friday 14 October</p></li><li><p>Maximum auction size will be confirmed each morning at 9am and will be set at up to £10bn in today's operation.</p></li><li><p>Bank's existing reserve pricing mechanism will remain in operation during this period.</p></li><li><p>Bank will also stand ready through its regular indexed long term repo operations each Tuesday to support further easing of liquidity pressures facing LDI funds</p></li><li><p>Bank will continue to work with UK authorities and regulators to ensure that ldi industry operates on a more resilient basis in future.</p></li></ul><p>-</p><p>These measures are to support UK pension funds & gilt markets. Should ease pressure on GBP selling.</p><p>Text is here: <a href="https://www.bankofengland.co.uk/news/2022/october/bank-of-england-announces-additional-measures-to-support-market-functioning" target="_blank" rel="nofollow">Bank of England announces additional measures to support market functioning</a></p><p>Bank of England Governor Bailey</p>

                This article was written by Eamonn Sheridan at forexlive.com.