Six major central banks, including the US Federal Reserve and the European Central Bank, have announced a coordinated action to enhance the provision of US dollar liquidity.
The other four banks are the Bank of Japan, the Bank of Canada, the Bank of England, and the Swiss National Bank.
The central banks say the joint liquidity operations will begin on Monday and continue at least through the end of April.
The move comes amid the recent financial turmoil following the collapse of two US banks and confusion over trouble-hit Credit Suisse.
The joint operations apparently seek to improve the swap lines' effectiveness in providing US dollars when demand for the dollar is expected to soar in global financial markets.
The other four banks are the Bank of Japan, the Bank of Canada, the Bank of England, and the Swiss National Bank.
The central banks say the joint liquidity operations will begin on Monday and continue at least through the end of April.
The move comes amid the recent financial turmoil following the collapse of two US banks and confusion over trouble-hit Credit Suisse.
The joint operations apparently seek to improve the swap lines' effectiveness in providing US dollars when demand for the dollar is expected to soar in global financial markets.
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Summary
Six central banks, including the US Federal Reserve, European Central Bank, Bank of Japan, Bank of Canada, Bank of England, and Swiss National Bank, have announced a coordinated action to boost US dollar liquidity provision. The joint operations, starting on Monday and lasting until the end of
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ID: f633a328-3316-4961-a1a5-08f19bdfcd43
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230320_09/
Date: March 20, 2023
Created: 2023/03/20 08:17
Updated: 2025/12/09 06:02
Last Read: 2023/03/20 13:09