Federal Reserve, Other Central Banks Announce Joint Liquidity Measures

Federal Reserve, Other Central Banks Announce Joint Liquidity Measures
The Marriner S. Eccles Federal Reserve Board building in Washington on March 16, 2022. Saul Loeb/AFP via Getty Images
Aldgra Fredly
Updated:
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The U.S. Federal Reserve announced on Sunday that it is collaborating with some of the world’s largest central banks to enhance liquidity provision by strengthening the standing of U.S. dollar liquidity swap line arrangements.

The central banks will increase the frequency of seven-day maturity operations from weekly to daily to improve the effectiveness of the swap lines in providing U.S. dollar funding, the Fed said in a statement.