Central Banking

Fed extends temporary dollar swap lines again

fistfull-of-dollars

The Federal Reserve on Wednesday once again extended the temporary dollar swap lines established with the central banks of Canada, the UK and Switzerland, as well as with the European Central Bank.

The Fed said the Bank of Japan will consider an extension of its arrangement at its next monetary policy meeting, set for July 11–12.

The dollar liquidity swap arrangements were prolonged until August 1, 2012, adding another year to the previous agreements, which were due to end at the beginning of Au

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