ECB conducts first liquidity operation since cut in dollar swap rates

Note: This section contains information in English only.
Source: Marketwatch

The ECB provided $50.7 billion three-month loans at 0.59% fixed rate and seven-day loans at 0.58% fixed rate. The dollar-liquidity project is the first after the ECB and Fed agreed on decrease in dollar swaps. The shift of the central banks to decrease rate on the dollar swaps appeared amid rising dollar-borrowing costs and financial institutions' keeping cash.

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