UK and China renew bilateral swap line

Bank of England and Stock Exchange
Rachael King

The Bank of England and People’s Bank of China have renewed their bilateral sterling/renminbi swap line for a further five years, expiring in 2026.

The value of the swap line remains unchanged at 350 billion yuan ($54.9 billion), the BoE said in a statement today (November 12). The two central banks originally agreed a three-year swap line in 2013.

“Renminbi’s role in global trade and capital flows continues to increase,” said BoE governor Andrew Bailey. He said the renewal of the swap line

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: