# Bank of England publishes rules for energy firms’ liquidity tool
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2022-10-17
Category: Headlines
Category URL: https://fintechherald.com/category/headlines
Meta Title: Bank of England unveils new liquidity tool for energy firms
Meta Description: Get details on BoE's new liquidity tool to assist with Ukraine war gas price impacts. Apply by Jan. 27. $1 = 0.8872 pounds. By William Schomberg &
URL: https://fintechherald.com/bank-of-england-publishes-rules-for-energy-firms-liquidity-tool

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LONDON (Reuters) – The Bank of England published on Monday the rules for energy firms seeking to use a new liquidity tool designed to help them cope with swings in gas prices caused by the war in Ukraine.

The BoE said applications for using the scheme, which launches on Monday, would run until Jan. 27.

($1 = 0.8872 pounds)

(Writing by William Schomberg; editing by William James)


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