Fed extends nine dollar swap lines to year’s end
Federal Reserve established liquidity arrangements with foreign partners at start of pandemic
The Federal Reserve announced on June 16 that it would extend dollar swap arrangements with nine central banks for another three months.
The swap lines, first established as an emergency response to the Covid-19 pandemic in March 2020, will now expire on December 31.
The Federal Open Market Committee authorised $60 billion each in short-term dollar funding for six central banks, in Australia, Brazil, Mexico, Singapore, South Korea and Sweden.
Another three – the National Bank of Denmark
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