The European Central Bank and the Bank of England activated a standing currency ...
FILE PHOTO: The logo of the European Central Bank is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach
FRANKFURT - The European Central Bank and the Bank of England activated a standing currency swap line, the two said separately on Tuesday, stepping up their preparations for Britain’s possible departure from the EU later this month. Under the swap agreement, the Bank of England will offer to lend euro to UK banks on a weekly basis and the ECB will receive pound sterling from the Bank of England in exchange for euro.
“The activation marks a prudent and precautionary step by the Bank of England to provide additional flexibility in its provision of liquidity insurance, supporting the functioning of markets that serve households and businesses,” the ECB said in a statement. “As part of the same agreement, the Eurosystem would stand ready to lend pound sterling to euro area banks, if the need arises,” the ECB added.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bank of England likely to help economy after no-deal Brexit: CarneyBank of England Governor Mark Carney said on Tuesday the BoE would probably give...
Leer más »
Germany's top central banker warns against bringing back stimulus in EuropeThe European Central Bank (ECB) shouldn't rush into implementing massive bond-purchase programs in the future, the head of the German central bank warned in an interview with CNBC Wednesday.
Leer más »
Dollar hovers near two-week high as euro flags ahead of ECB meetingThe dollar held near a two-week high against its key rivals on Tuesday, underpin...
Leer más »
Dollar stays near two-week high as euro flags ahead of ECB meetingThe dollar stood close to a two-week high against key peers on Tuesday, shored u...
Leer más »
Will a worsening outlook for inflation force the ECB to act?With growth slowing and investors pessimistic about inflation, it could be costly if the European Central Bank delays easing
Leer más »
Slowdown to showdown: Five questions for the ECBTwo months after ending its massive stimulus scheme, the European Central Bank f...
Leer más »
ECB to delay rate hikes to next year, restart cheap loans soon: Reuters pollFaced with a serious slowdown in euro zone economic growth, the European Central...
Leer más »
Daily Briefing: Back to normal - ECB too late?Daily Briefing: - ECB to delay rate hikes to next year - Reuters poll - U.S. lays out its objectives for a post-Brexit trade deal with UK - All eyes on far-right in Estonia's election
Leer más »
Euro zone inflation's rise is a mixed bag for ECBEuro zone inflation inched up last month, Eurostat said on Friday, mild comfort ...
Leer más »
A day of reckoning for the ECB?The European Central Bank has downplayed a global slowdown for months, but it wi...
Leer más »