Central banks signal end of bank turmoil with cut in dollar funding line
newscatcher
2023-04-25 12:30
Central banks signal end of bank turmoil with cut in dollar funding line
FRANKFURT/LONDON/TOKYO -The world's top central banks are cutting the frequency of their dollar liquidity operations with the U.S. Federal Reserve from May, sending the clearest signal yet that last month's financial market volatility is essentially over. The Fed started offering dollars in daily tenders from late March after the failure of Silicon Valley Bank and the sale of Credit Suisse sent jitters across financial markets and raised the risk of liquidity shortages that could have morphed into a broader financial crisis.

https://business.inquirer.net/397570/central-banks-signal-end-of-bank-turmoil-with-cut-in-dollar-funding-line

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