This facility operates under standing conditions and it is obtained through prior application to the Bank. It is, however, managed outside the NISS. Marginal Lending Facility This facility has been introduced to offer special assistance to banking institutions that could not obtain sufficient liquidity at the first two facilities.
Many of those policies remain in place, sustaining growth and avoiding stagnation until such time as Keynes’s animal spirits, which have been crushed over the past seven years, revive.