European banks take up just $5 million in enhanced dollar swap facility

20/03/2023 | 10:30 GMT

That doesn't indicate a whole lot of distress at all

This relates to the enhanced dollar swap facility that was established overnight, in which the frequency will be increased to daily from the typical 7 days. In case you missed the headline:

Fed, BoE, BoJ, ECB, SNB, BoC to coordinate action to enhance liquidity provision

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