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Central banks' move on dollars will improve liquidity, BoE's Carney says

Sun, 15th Mar 2020 21:12

LONDON, March 15 (Reuters) - Sunday's joint move by the
world's top six central banks to increase access to U.S. dollars
will help to improve liquidity and ease strains in global
funding markets, Bank of England Governor Mark Carney said.

Earlier, the U.S. Federal Reserve slashed interest rates to
near zero, restarted its bond-buying and launched other measures
from its crisis-era toolkit to try to help the global economy
which has been hit by the coronavirus pandemic.

"Today's coordinated action by major central banks will
improve global liquidity by lowering the price and extending the
maximum term of U.S. dollar lending operations," Carney said in
a joint statement with Andrew Bailey, who succeeds him as BoE
Governor on Monday.
(Reporting by David Milliken
Writing by Andy Bruce
Editing by William Schomberg)

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