Los bancos centrales disparan un nuevo cañonazo de liquidez. ¿Fin de la crisis?
Las bolsas se han disparado más de un 3% tras el anuncio de los bancos centrales. ¿Alguno de los entendidos del foro podría explicar qué significa y qué implica? No tengo claro si ahora es más barato cambiar monedas a dólares, si es que es más barato pedir dólares prestados, si han inyectado un porrón de dólares (¿cuántos?). Si han inyectado liquidez, ¿de donde ha salido y porqué no lo hicieron antes?
Este es el anuncio colgado en la web de los bancos centrales (http://www.ecb.int/press/pr/date/2011/html/pr111130.en.html):
"The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve and the Swiss National Bank are today announcing coordinated actions to enhance their capacity to provide liquidity support to the global financial system. The purpose of these actions is to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity.
These central banks have agreed to lower the pricing on the existing temporary US dollar liquidity swap arrangements by 50 basis points so that the new rate will be the US dollar Overnight Index Swap (OIS) rate plus 50 basis points. This pricing will be applied to all operations conducted from 5 December 2011. The authorisation of these swap arrangements has been extended to 1 February 2013. In addition, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank will continue to offer three-month tenders until further notice.
As a contingency measure, these central banks have also agreed to establish temporary bilateral liquidity swap arrangements so that liquidity can be provided in each jurisdiction in any of their currencies should market conditions so warrant. At present, there is no need to offer liquidity in non-domestic currencies other than the US dollar, but the central banks judge it prudent to make the necessary arrangements so that liquidity support operations could be put into place quickly should the need arise. These swap lines are authorised through 1 February 2013."
Saludos