The ECB has announced a coordinated action with the Bank of Canada, the Bank of England, the Bank of Japan, the Federal Reserve (Fed) and the Swiss National Bank to provide liquidity through foreign exchange facilities.
Euskaraz irakurri: Banku central nagusiek likidezia dolarretan emango dute gaurtik hasita apiril amaierara arte
The main central banks will offer liquidity in dollars for seven days in operations daily from today until the end of April.
The European Central Bank (ECB) yesterday announced a coordinated action together with the bank of Canadathe bank of Englandthe bank of Japanthe Federal Reserve (fed) and the bank Swiss national to provide liquidity through dollar currency swap agreements.
“To improve the effectiveness of ‘swap’ lines – a support mechanism between banks – in providing dollar-denominated funding, the central banks that already offer these transactions have decided to increase the frequency of seven-day transactions. increase from weekly to daily,” the ECB said in a statement.
The entity led by Christine Lagarde praised the swift intervention of the Swiss authorities in favor of financial stability by approving the acquisition of Credit Suisse by competitor UBS.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
