ECB and other central banks decide to continue conducting US dollar liquidity-providing operations
The Governing Council of the European Central Bank (ECB) has decided, in agreement with other central banks including the Federal Reserve, to continue conducting US dollar liquidity-providing operations from October 2009 to January 2010.
These Eurosystem operations will continue to take the form of seven-day repurchase operations against ECB-eligible collateral and to be carried out as fixed rate tenders with full allotment. Given the limited demand and the improved conditions in funding markets, the US dollar operations with a term of 84 days will be discontinued following the operation to be held on 6 October 2009 and maturing on 7 January 2010. The 84-day operations, as well as the other US dollar liquidity-providing operations that were previously discontinued, could be started again in the future if needed.
A similar decision has been taken by the Bank of England and the Swiss National Bank.
The consolidated calendar for euro, US dollar and Swiss franc operations of the Eurosystem is available on the ECB’s website.
Information on related announcements by other central banks is available on the following websites: