Central banks halt longer-term dollar liquidity auctions
Major central banks will no longer offer dollar liquidity at the 84-day maturity
From July 1, several of the world’s largest central banks will discontinue dollar liquidity auctions at the 84-day maturity.
In a joint statement published April 23, the Bank of England, European Central Bank, Bank of Japan and Swiss National Bank said “sustained improvements” in US dollar funding conditions meant some of the measures introduced to stabilise markets during the height of the Covid-19 pandemic could be removed.
The statement also noted demand for US dollar liquidity operations
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