Fri, Nov 7 2008, 15:38 GMT
by
Lars Christensen
- Danske Bank A/S
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The Polish central bank (NBP) and Swiss central bank (SNB) have announced an agreement to provide Swiss franc liquidity for the NBP through a swap facility. This is obviously good news for the Polish markets as it reduces the possible liquidity strains in the Polish banking sector. Many Polish households have taken Swiss franc loans in recent years.
The agreement is temporary, but both central banks say it will be in place as long as necessary.
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