BoE increases cash available in weekly long-term repo operations

LONDON (Reuters) -The Bank of England said on Wednesday the amount of cash reserves available in each weekly long-term repo operation will rise to 35 billion pounds ($47.2 billion) from 25 billion pounds, in line with recalibrated parameters proposed last year.

($1 = 0.7422 pounds)

(Reporting by Muvija M, writing by Sachin Ravikumar; editing by Sarah Young)