Extension of US dollar swap facility

In parallel with other central banks, the Bank of England is today announcing that its temporary swap line with the Federal Reserve has been extended to Monday 1 August 2011.
Published on 21 December 2010

The Bank will continue its weekly tenders of US dollar funding at fixed interest rates each Wednesday until further notice, with counterparties able to borrow unlimited amounts against eligible collateral (see note to editors). The Bank will keep the frequency and maturity of its US dollar repo operations under review, in light of market conditions.

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