Central banks extend liquidity lifeline to markets | Reuters
Central banks extend liquidity lifeline to markets | Reuters:
"The Fed said it was increasing the amounts offered in its Term Auction Facility auctions, held every two weeks, to $75 billion from $50 billion, beginning with an auction on May 5.
It also said it was increasing an existing temporary currency swap line with the ECB to $50 billion, from $30 billion, and increasing a swap line with the SNB to $12 billion from $6 billion. The timeframe for the swap lines will also be extended until the end of January 2009"
"The Fed said it was increasing the amounts offered in its Term Auction Facility auctions, held every two weeks, to $75 billion from $50 billion, beginning with an auction on May 5.
It also said it was increasing an existing temporary currency swap line with the ECB to $50 billion, from $30 billion, and increasing a swap line with the SNB to $12 billion from $6 billion. The timeframe for the swap lines will also be extended until the end of January 2009"
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