Further to my preview post earlier here's some further info.
I mentioned in the preview of the morning's UK press posting a few stories on the BOE being ready to chuck a load of money into the system if UK voters do head for the Brexit doors on 23 June.
Ahead of the TSC meeting at 09.15 GMT The Telegraph reports that The Bank of England is due to step up protection for financial institutions over the EU referendum period amid fears of panic in the markets.
Firms will be given three additional opportunities to bolster their liquidity reserves, two before the crunch poll on June 23 and one after.
In a statement the Bank released yesterday said indexed long-term repo (ILTR) operations, which provide liquidity for banks, building societies and broker-dealers, would be held on June 14, June 21 and June 28.
"These operations are additional to the regular ILTR operations which will continue to take place once a month,"
"The Bank will continue to monitor market conditions carefully and stands ready to take additional action if necessary".
While The Independent has the headline "Bank of England ready to pump billions into financial system to counter turmoil of Brexit" and reports the BOE is on standby to pump billions of pounds into the financial system in case of market turmoil following a vote to leave the EU in June.
Of course this is all hypothetical until the result is known but the fact that they will be adding liquidity into the referendum if needed is worth noting.
