The coordinated action is aimed at easing concerns over the state of the global financial system amid the banking crisis The US Federal Reserve and five other major central banks launched a coordinated effort on Sunday to boost the flow of US dollars in the global financial system via swap line arrangements, the regulators announced in a joint statement. Apart from the Fed, the action was joined by the Bank of Canada, Bank of England, Bank of Japan, the European Central Bank, and Swiss National Bank. The move will “enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements” by i
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