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Swiss Franc Forex swaps to be stopped by ECB

Tuesday 19th January 2010
By Mike Jones

The European Central Bank is to stop conducting one-week Swiss franc liquidity-providing swap operations after January 31, 2010.

"This decision was made against the background of declining demand and improved conditions in the funding markets," the ECB said in a statement.

The Swiss National Bank, Magyar Nemzeti Bank and the National Bank of Poland will also end euro-Swiss franc swaps.

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