21.3 C
Innichen
August 14, 2022
Finance Technologies

Central banks free up US dollar liquidity amid coronavirus pandemic

The central banks of England, Canada, Japan, Europe, Switzerland and the US have teamed up to help tackle market instability in the global economy caused by the ongoing coronavirus pandemic. As well as cutting interest rates to near zero and pledging billions of dollars in asset purchases for US banks, the US Federal Reserve has offered cheap dollar financing to fellow central banks around the globe, Reuters reports. “The new pricing and maturity offerings will remain in place as long as appropriate,” says Bank of England By lowering the price on the US dollar liquidity swap arrangements by 25 basis…
Central banks free up US dollar liquidity amid coronavirus pandemic

Related posts

Deutsche Bank reaches out to Big Tech for cloud assistance

Amme Jhonson

Travelex cyberattack drags into third week

Amme Jhonson

Oslo Stock Exchange seeks rival bids to Euronext’s $713m offer

Amme Jhonson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Policy