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MNI BRIEF: Riksbank Extends Dollar Swap Agreement with Fed

(MNI) LONDON
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
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