ECB and Danmarks Nationalbank reactivate swap line to provide euro liquidity

Swap line reactivated as of 20 March 2020, to remain in place for as long as needed

Metadata
Provider: 
ECBECB
URL: 
https://www.ecb.europa.eu//press/pr/date/2020/html/ecb.pr200320~165793c952.en.htmlhttps://www.ecb.europa.eu//press/pr/date/2020/html/ecb.pr200320~165793c952.en.html
Retrieved on: 
Saturday, March 21, 2020
Information
Tags: 
European System of Central Banks, Central banks, Economy of Europe, Economy of Denmark, European Union, Banks, Eurozone, Nationalbank, European Central Bank, Currency swap
Summary
Key Points: 
  • Swap line reactivated as of 20 March 2020, to remain in place for as long as needed
    The European Central Bank (ECB) and Danmarks Nationalbank have today reactivated a currency arrangement (swap line) and increased the maximum amount to be borrowed by Danmarks Nationalbank from 12 billion to 24 billion.
  • It will remain in place for as long as needed.
  • The purpose of the reactivation is for Danmarks Nationalbank to provide euro liquidity to Danish financial institutions.
  • For media queries, please contact Eva Taylor , tel.
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