Central banks to wind down dollar lending

Published January 24, 2014 10:30am ET



FRANKFURT, Germany (AP) — The European Central Bank said Friday that it and three other major central banks will wind down their dollar-lending operations amid improving market conditions.

The ECB, along with the Bank of England, the Bank of Japan and the Swiss National Bank, plans to stop lending dollars to banks for three-month periods at the end of April.

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