Bank of England to phase out some emergency COVID support

LONDON (Reuters) - The Bank of England will begin to phase out weekly emergency support for financial markets that it introduced in response to coronavirus fears in March, now that markets have calmed and banks no longer have difficulty accessing cash.Under normal circumstances, banks and other financial institutions have little difficulty selling or lending high-quality assets such as government bonds in exchange for cash.But in March, when markets panicked at the unexpected scale of the damage..