The Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing an extension of the existing temporary U.S. dollar liquidity swap arrangements through Feb. 1, 2014. Previously, these swap arrangements had been authorized through Feb. 1, 2013.
These central banks are also extending through Feb. 1, 2014 the network of temporary bilateral liquidity swap arrangements that enable the provision of liquidity in each jurisdiction in any of their currencies should market conditions so warrant. The bilateral liquidity swap arrangements had been authorized through Feb. 1, 2013.
The Bank of Japan will consider an extension of both sets of swap arrangements at its next Monetary Policy Meeting.
Information on the actions taken by other central banks is available at the following websites: Bank of Canada Bank of England Bank of Japan European Central Bank Swiss National Bank For media inquiries, call 202-452-2955.
