PRESS RELEASE

ECB discontinues the Swiss franc liquidity-providing operations

18 January 2010

The Governing Council of the European Central Bank (ECB) has decided, in agreement with the Swiss National Bank, to stop conducting one-week Swiss franc liquidity-providing swap operations after 31 January 2010. This decision was made against the background of declining demand and improved conditions in the funding markets.

Information on related announcement by the Swiss National Bank is available at: http://www.snb.ch.

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