Central banks of the world have agreed to coordinate efforts to ensure dollar liquidity, reports TASS with reference to the Federal Reserve System (FRS) of the United States.
It is clarified that the US Federal Reserve has agreed on this, acting as the country’s central bank, Bank of England, Bank of Canada, Bank of Japan, European Central Bank, and Swiss National Bank.
The largest banks have decided to jointly expand their liquidity capabilities through swap line agreements in US dollars on an ongoing basis.
The Central Bank decided to “increase the frequency of operations with a seven-day maturity from weekly to daily.” This is done to increase the efficiency of swap lines in providing financing in dollars.
These daily operations are scheduled to begin on March 23. They will continue at least until the end of April.
It is noted that such a decision of the world Central Bank will provide an opportunity to ease the tension in the global financing markets and maintain sufficient dollar liquidity around the world.
Earlier it was reported that the Central Bank of the Russian Federation kept the key rate at 6% per annum. After such a decision of the regulator, the ruble strengthened against the dollar and the euro at auction.
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