Six central banks make currency swap permanent

Six central banks has said they would make their currency swap arrangements permanent as a prudent liquidity backstop in case of future global financial strains.

Written by Reuters
Tokyo | November 1, 2013 01:01 AM IST

1 min read

Six central banks has said they would make their currency swap arrangements permanent as a prudent liquidity backstop in case of future global financial strains. The Bank of Japan,US Fed,ECB,Bank of England and central banks of Canada and Switzerland will convert their temporary swap arrangements into standing arrangements that will remain in place until further notice.