The Fed joined hands with five other central banks to increase the frequency of dollar swaps and strengthen liquidity.
[Financial Channel/Comprehensive Report] Six central banks, including the US Federal Reserve (Fed), announced on Sunday (19th) a joint action to increase the frequency of US dollar swap agreement operations from weekly to daily, promoting the global exchange rate of the US dollar. Liquidity in the financial system.
After UBS announced the acquisition of Credit Suisse, the Federal Reserve, the Bank of Canada (BOC), the Bank of England (BOE), the Bank of Japan (BOJ), the Swiss National Bank (SNB) and the European Central Bank (ECB) jointly issued a statement, through the permanent US dollar flow Sexual swap lines and strengthen liquidity supply arrangements.
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The joint statement stated that the dollar exchange network among central banks is a permanent mechanism and an important liquidity protection net, which can relieve the global financing market and thereby buffer the credit supply pressure on households and enterprises.
From Monday (20th), the operating frequency of the US dollar swap agreement will be changed from the current weekly to daily, and it will continue at least until the end of April.
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