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ECB and Danmarks Nationalbank reactivate swap line to provide euro liquidity

Summary:
PRESS RELEASE20 March 2020Swap line reactivated as of 20 March 2020, to remain in place for as long as needed Size of swap line was increased from €12 billion to €24 billion 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.: +49 69 1344 7162.Notes

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PRESS RELEASE

20 March 2020

  • Swap line reactivated as of 20 March 2020, to remain in place for as long as needed
  • Size of swap line was increased from €12 billion to €24 billion

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.: +49 69 1344 7162.

Notes

European Central Bank
Since 1 January 1999 the European Central Bank (ECB) has been responsible for conducting monetary policy for the euro area - the world’s largest economy after the United States.

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