WASHINGTON (MNI) – The Federal Reserve issued the following statement
Thursday:
The Bank of Canada, the Bank of England, the European Central Bank, the
Federal Reserve, and the Swiss National Bank are today announcing an extension
of the existing temporary U.S. dollar liquidity swap arrangements through
February 1, 2014. Previously, these swap arrangements had been authorized
through February 1, 2013.
These central banks are also extending through February 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 February 1, 2013.
The Bank of Japan will consider an extension of both sets of swap
arrangements at its next Monetary Policy Meeting.
–MNI Washington Bureau; tel: +1 202-371-2121; email: hscott@mni-news.com
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