Central banks are working together to improve liquidity in short-term US dollar funding markets. Financial institutions can borrow any amount of US dollars from the ECB, SNB and BoE with a due date of 7, 28 or 84 days, at fixed interest rates. To insure whatever quantity of US dollars is demanded the Fed, ECB, BoE and SNB will increase their swap lines. Also the Bank of Japan is considering similar measures.
Ludwig Acke
1 opmerking:
title not very attractive; not a very attractive topic in general;
but the text is OK, very coherent
drop 'also' at the start of the last stce
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