Sept. 15 (Bloomberg) -- The European Central Bank said it
will lend euro-area banks dollars in three separate three-month
loans to ensure they have enough of the U.S. currency through
the end of the year.
“The Governing Council of the European Central Bank has
decided, in coordination with the Federal Reserve, the Bank of
England, the Bank of Japan and the Swiss National Bank, to
conduct three U.S. dollar liquidity-providing operations with a
maturity of approximately three months covering the end of the
year,” the Frankfurt-based ECB said in a statement today. The
loans are in addition to the bank’s regular 7-day dollar
offerings and will be conducted as fixed-rate tenders with full
allotment.
will lend euro-area banks dollars in three separate three-month
loans to ensure they have enough of the U.S. currency through
the end of the year.
“The Governing Council of the European Central Bank has
decided, in coordination with the Federal Reserve, the Bank of
England, the Bank of Japan and the Swiss National Bank, to
conduct three U.S. dollar liquidity-providing operations with a
maturity of approximately three months covering the end of the
year,” the Frankfurt-based ECB said in a statement today. The
loans are in addition to the bank’s regular 7-day dollar
offerings and will be conducted as fixed-rate tenders with full
allotment.
No comments:
Post a Comment