The central banks said that in order to improve the efficiency of dollar-denominated currency swaps, maturity operations will also change to daily instead of weekly as it is now.
Remember that in 2020, the Fed provided and later extended a similar swap mechanism when the COVID-19 pandemic caused the global cash crisis.
With these moves, almost in the next Fed interest rate announcement on March 22, there is almost no chance for 0.5, or 0.25, or no increase.
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