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Swiss franc liquidity operations to continue

The Swiss National Bank and the European Central Bank have announced that an arrangement that provides euro zone banks with Swiss franc liquidity will continue.

The swap measure with the European Central Bank (ECB) providing Swiss francs for euros, which has been in force since last October, is to last until at least the end of April.

In a statement, they said the swap aimed to "support further improvements in the short-term Swiss franc money markets".

The foreign exchange swap provides Swiss francs against euros with a term of seven days at a fixed price to improve liquidity in these markets.

The Swiss central bank also announced that it would continue its franc swap arrangement with the Polish central bank for the same period.

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