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.