ECB and Danmarks Nationalbank reactivate swap line to provide euro liquidity

• Swap line reactivated as of 20 March 2020, to remain in place for as long as needed
• Size of swap line was increased from €12 billion to €24 billion

The European Central Bank (ECB) and Danmarks Nationalbank have today reactivated a currency arrangement (swap line) and increased the maximum amount to be borrowed by Danmarks Nationalbank from €12 billion to €24 billion. It will remain in place for as long as needed. The purpose of the reactivation is for Danmarks Nationalbank to provide euro liquidity to Danish financial institutions.

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Notes

• Further information on the terms can be found at www.nationalbanken.dk
• Explainer: What are currency swap lines?