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ECB, Fed, BoJ and BoE: permanent swap agreement

The Federal Reserve, the European Central Bank and the central institutions of Canada, Great Britain, Switzerland and Japan are involved in the agreement - The BoJ explains that "the permanent agreements will continue to operate as a prudent liquidity parachute".

ECB, Fed, BoJ and BoE: permanent swap agreement

ECB, Federal Reserve and the central banks of Canada, Great Britain, Switzerland and Japan announce that the bilateral liquidity swap agreement became final. The Frankfurt institute communicates it in a note, specifying that the agreement will remain in force until further notice.

Instead, a note from the Bank of Japan states that "the current temporary arrangements on liquidity have contributed to easing tensions on the financial markets and mitigating their effects on economic conditions", for this reason "the permanent arrangements will continue to operate as a prudent liquidity parachute".

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