Central banks suspend some crisis measures
Frankfurt (Jan 27) The European Central Bank (ECB) and other large financial institutions will gradually begin to reduce special measures to provide USD liquidity to banks they introduced in the advent of the financial crisis in 2007. The institutions took the decision due to the improvement of economic and financial conditions in developed countries.
In a special statement on Friday the ECB announced that along with the central banks of the UK, Japan and Switzerland, it will begin gradually limiting US dollar liquidity-providing operations.
The ECB will cease to conduct three-month US dollar liquidity-providing operations as of April 2014. It will continue to conduct one-week US dollar liquidity-providing operations at least until July 31, 2014, Capital Daily learnt