MAS extends $80b swap agreement with US Fed
Its USD Facility will also be extended to end-September 2021.
The Monetary Authority of Singapore (MAS) has extended its $80b (US$60b) swap arrangement with the US Federal Reserve through 30 September 2021, a statement read.
The MAS USD Facility will also be extended to 30 September 2021.
Since launching in March, the facility has provided about $30.5b (US$23b) to banks, for use in Singapore and the region. The extension of the MAS USD Facility will continue to promote stability in USD funding conditions and anchor market confidence, the regulator said.