Free Trial

MNI BRIEF: Riksbank Extends Dollar Swap Agreement with Fed

LONDON (MNI)

The Riksbank is extending a temporary swap agreement for up to USD60 billion with the Federal Reserve Bank of New York, pushing the potential deal up to and including 31 December 2021.

The swap agreement with the Fed was first concluded in March 2020 and "is now being extended for a third time", the Riksbank said. The current agreement runs up to and including 30 Sept 2021. The agreement is part of a wider arrangement between the Fed and a number of other central banks around the world aimed at improving liquidity conditions in US dollars on global financial markets.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why 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.