BoE takes part in international action to boost dollar liquidity
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LONDON (Reuters) - The Bank of England said on Friday it would join with other central banks in increasing the frequency of auctions of 7-day U.S. dollar funds to daily from weekly, through to at least the end of April.The BoE is acting with the U.S. Federal Reserve, European Central Bank, Bank of Japan, Bank of Canada and Swiss National Bank."The swap lines amongst these central banks ... serve as an important liquidity backstop to ease strains in global funding markets, thereby helping to..