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ECB and SNB both tapped into the Fed for funds in the past week, chunky amounts

ECB and SNB both tapped into the Fed for funds in the past week, chunky amounts

Central Banks
Eamonn Sheridan
30/03/2023 | 20:09 GMT

The European Central Bank tapped the Fed USD swap lines for US$487.5mn in the week to March 29

  • SNB did the same for US$100mn

The ECB were all over the place telling us (in a nutshell) 'no banking stress here' ... yeah, right.

Lagarde fingers crossed

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