The European Central Bank (ECB) has received a total of $500 million of liquidity from the Federal Reserve’s swap lines for foreign central banks in the week ended October 12, Reuters reports. The ECB swap was carried out in seven days at 1.09 percent. The New York Fed has also signed swap deals with the Bank of Canada, the Bank of England, the Swiss National Bank and the Bank of Japan. The agreements were signed because strains in Europe’s short-term funding markets were re-emerging.
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