Bank of England says technology glitches hit limited number of transactions

LONDON (Reuters) – The Bank of England said on Thursday it was experiencing intermittent technology problems that are indirectly affecting its ability to process a limited number of transactions for wholesale counterparties.

“We have implemented workarounds to enable the Bank to operate as normal, including completing wholesale transactions in as timely a way as possible,” the central bank said in a statement. “We are working to resolve the underlying issue as quickly as we can.”

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