Central Banks Seen Enhancing Liquidity After SWIFT Ban: Credit Suisse Strategist

Central Banks Seen Enhancing Liquidity After SWIFT Ban: Credit Suisse Strategist
Swift logo is placed on a Russian flag in an illustration on Feb. 25, 2022. Dado Ruvic/Reuters
Reuters
Updated:

NEW YORK—The banning of certain Russian banks from the SWIFT international payment system could push central banks to enhance liquidity to offset missed payments, a Credit Suisse strategist said on Sunday.

Western nations announced on Saturday a harsh set of sanctions to punish Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system.