Fed, Five Central Banks Lower Rate on Dollar Swaps

REPLAY VIDEO
Your next video will start in
Pause

Recommended Videos

  • Info

  • Comments

Nov. 30 (Bloomberg) -- The Federal Reserve and five other central banks agreed to reduce the interest rate on dollar liquidity swap lines by 50 basis points and extend their authorization through Feb. 1, 2013. The new interest rate has been reduced to the dollar overnight index swap rate plus 50 basis points from 100 basis points, the Fed said in a statement. The Bank of Canada, Bank of England, Bank of Japan, European Central Bank and Swiss National Bank are involved in the coordinated action, the Fed added. Betty Liu, Dominic Chu and Michael McKee report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change