Chilean central bank requests access to NY Fed’s repo facility
Central Bank of Chile also seeks to expand renminbi swap line with PBoC
The Central Bank of Chile has requested access to the New York Fed’s Fima repo facility, it said on June 3.
The Chilean central bank is also negotiating with the People’s Bank of China to expand the 22 billion yuan ($3.1 billion) swap line signed in 2015, and renewed in 2018. Both initiatives aim to strengthen Chile’s external financial condition and follow the IMF’s approval of a $23.93 billion precautionary Flexible Credit Line on May 29.
Fima, the NY Fed’s temporary Foreign and
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