Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: Banks Currently Funding Dollars In Market - Buba

(MNI) LONDON

Euro area banks are currently able to meet their dollar funding needs in the market, Sabine Mauderer says.

True

Take-up of the daily USD swap lines put in place by the ECB and other central banks in the wake of the SVB and Credit Suisse crises has so far been "very limited," Bundesbank Executive Board member Sabine Mauderer said in a speech on Wednesday, indicating that banks can readily meet USD funding needs in the market.

The transmission of monetary policy measures through the credit channel is beginning to be seen, nevertheless "it remains to be seen if and to what extent the recent tensions in parts of the banking sector will lead to a further tightening of financing conditions."

Keep reading...Show less
122 words

To read the full story

Why Subscribe to

MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Take-up of the daily USD swap lines put in place by the ECB and other central banks in the wake of the SVB and Credit Suisse crises has so far been "very limited," Bundesbank Executive Board member Sabine Mauderer said in a speech on Wednesday, indicating that banks can readily meet USD funding needs in the market.

The transmission of monetary policy measures through the credit channel is beginning to be seen, nevertheless "it remains to be seen if and to what extent the recent tensions in parts of the banking sector will lead to a further tightening of financing conditions."

Keep reading...Show less