The Bank of England has infused £3.1bn into the country’s banking system after Britain’s decision to exit the European Union (EU).

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BoE allotted £3.072bn to lenders, after receiving bids totalling £6.3bn.

The central bank had planned three special auctions around the referendum vote to deal with any cope with any turmoil resulting from the referendum.

As part of this effort, it has already pumped £2.45bn in its first auction, and £317m in the second auction, which were carried out in June before the referendum.

Following the announcement of UK’s decision to exit EU, the central bank had already announced its willingness to pump £250bn into the financial system.

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It also said that the country’s banks were stress tested against more severe situations, as a result of which they have raised over £130bn of capital and have over £600bn of high quality liquid assets.