U.S. dollar liquidity-providing operations from 1 May 2023

Four central banks, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank, in consultation with the U.S. Federal Reserve, have jointly decided to reduce the frequency of their operations to provide U.S. dollar liquidity from daily to once a week beginning May 1, 2023.
This decision was made due to improved conditions for U.S. dollar funding and low demand in recent operations. Central banks stand ready to adjust the provision of U.S. dollar liquidity to market conditions going forward, and their swap lines are standing facilities that provide important liquidity support to mitigate tensions in global funding markets and cushion the impact on households and businesses at home and abroad.
The Bank of England has also adjusted its indicative schedule of the operations accordingly.