US Fed Extends Measures to Supply Dollar at Low Interest Rate to 9 Countries March 20 4:19
The US Federal Reserve Board has given central banks in nine countries, including Australia and South Korea, measures to supply dollars at low interest rates, despite fears of a key currency dollar tightening due to the effects of the new coronavirus. I decided to spread it.
The Fed announced on Tuesday that it will expand its nations to special agreements on dollar supply with Japan and major European central banks.
Newly joined are nine central banks, including Australia, South Korea, Singapore, Brazil, and Sweden, to secure supplies of up to $ 60 billion in size and over 6 trillion yen in Japanese yen. doing.
As the financial market turmoil due to the spread of the new coronavirus has not ceased, the movement of financial institutions around the world to collect the dollar of the key currency is spreading, and there is a concern that the dollar may be tight. .
This measure will allow the central bank to raise dollars from the Fed at a low interest rate and supply it to private financial institutions, which is expected to have the effect of providing sufficient funds for corporate activities and households. Is.
This month, the Fed is rolling out measures to increase funding, including an unusual response to a virtually zero interest rate policy and quantitative easing at the same time.