Central bank offers new injection of dollar liquidity
The Swiss National Bank (SNB) says it will offer up to $6 billion (SFr6.05 billion) in liquidity to banks in a move aimed at easing strains in the financial markets.
The offer will come in an auction of so-called repo loans or repurchase agreements and will begin on Tuesday.
It replaces a similar measure taken last month in concert with the European Central Bank, the United States Federal Reserve and the Bank of Canada.
In a statement at the time, the SNB said it intended to continue supplying United States dollar liquidity for as long as it thought necessary.
The SNB and other central banks have been providing such liquidity to help banks cope with as freeze on the markets sparked by the US subprime home loan crisis.
More
No house generation: the impossibility of buying property in Switzerland
More
Online quarrel reveals Swiss life of luxury of Cameroon’s ruling family
More
UK and Switzerland open way for direct rail link
More
Cross purposes: the unique Swiss flag
More
Activist takes on Swatch maverick as Omega empire falters
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.