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

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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.

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