Central banks to extend dollar swaps past October

Central banks across the globe on Thursday said they would keep their dollar swap lines open until the New Year.

The Bank of Japan, European Central Bank (ECB), Bank of England and Swiss National Bank said their swap facilities, which were due to close in October, would remain in place until January 2010 and released schedules of planned auctions.

However, the ECB, the Bank and the Swiss National Bank will reduce the frequency of their dollar auctions.

All three will cancel their 84-day auctions

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