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Coordinated central bank action to enhance the provision of U.S. dollar liquidity
The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements. To improve the swap lines' effectiveness in providing U.S. dollar funding, the central banks currently offering U.S. dollar operations have agreed to increase the frequency of 7-day maturity operations from weekly to daily. These daily operations will commence on Monday, March 20, 2023, and will continue at least through the end of April. The ... (full story)
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US FEDERAL RESERVE: THE SWAP LINES HELP TO ALLEVIATE PRESSURES ON THE AVAILABILITY OF CREDIT TO HOUSEHOLDS AND BUSINESSES.
— Breaking Market News (@financialjuice) March 19, 2023
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US FEDERAL RESERVE: DAILY OPERATIONS WILL BEGIN ON MONDAY AND WILL LAST AT LEAST UNTIL THE END OF APRIL.
— Breaking Market News (@financialjuice) March 19, 2023