International measures to meet liquidity needs

Date 12/12/2007

Today, the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank are announcing measures designed to address elevated pressures in short-term funding markets.

The Riksbank welcomes these measures which are aimed at meeting short-term funding needs in international financial markets.

“In Sweden we do not currently see that the banks have any additional need to borrow money in the short term. We are monitoring developments closely and are, as always, ready to take the necessary measures if the need should arise,” says Governor Stefan Ingves.

Information on actions taken by central banks is available at the following websites:
Bank of Canada (http://www.bankofcanada.ca)
Bank of England (http://www.bankofengland.co.uk)
European Central Bank (http://www.ecb.int)
Swiss National Bank (http://www.snb.ch)
Federal Reserve (http://www.federalreserve.gov)

 

Statements from other central banks:
Bank of Japan (http://www.boj.or.jp/en/)