The issuing institute will also make from Wednesday calls for tenders on repo securities intended “to punctually inject liquidity into the money market”.
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The Swiss National Bank (SNB) has adapted its method of calculating the special interest rate intended for the liquidity tightening facility (FRL), reducing the minimum level to 0% compared to 0.5% previously.
The FRL allows commercial banks to cope with a temporary and unexpected tightening of liquidity, explained the SNB in a press release.
The issuing institute will also carry out from Wednesday additional operations called “open market”, in this case calls for tenders on repo securities intended “to punctually inject cash into the money market “
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