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Federal Reserve, Other central Banks Extend Existing Temporary U.S. Dollar Liquidity Swap Arrangements Through Feb. 1, 2014
Dec 13 - The Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve and the Swiss National Bank have announced an extension of the existing temporary U.S. dollar liquidity swap arrangements through Feb. 1, 2014. Previously, these swap arrangements had been authorized through Feb. 1, 2013.
These central banks are also extending through Feb. 1, 2014, the network of temporary bilateral liquidity swap arrangements that enable the provision of liquidity in each jurisdiction in any of their currencies should market conditions so warrant. The bilateral liquidity swap arrangements had been authorized through Feb. 1, 2013.
The Bank of Japan will consider an extension of both sets of swap arrangements at its next Monetary Policy Meeting.