SNB supplies markets in dollars

news-single-imgcaption" style="width:240px">We have to go back to January 2012 to see the financial markets benefit from the SNB’s generosity in terms of dollars. (Keystone)

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The Swiss National Bank (SNB) injected dollars into the financial markets to avoid a drying up of liquidity. This green note transaction, estimated at 2.6 billion (2.5 billion francs), is a first in eight years.

The bank has allocated $ 2.305 billion with a 0.45% coupon, as part of a seven-day auction launched Wednesday. An additional $ 315 million at 0.38% will be available for 84 days. We have to go back to January 2012 to see the financial markets benefit from the SNB’s generosity in terms of dollars.

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Last weekend, the US Federal Reserve and five other major central banks made a coordinated decision to lend dollars at low cost in connection with the health crisis caused by the new coronavirus. (awp)

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