Vice President of the European Central Bank de Guindos: The European Central Bank will continue to cooperate with the Federal Reserve.

European Central Bank Vice President Guindos stated that they will continue to cooperate with the Federal Reserve, reaffirming their support for the principle of central bank independence. The cooperation with the Federal Reserve is normal and ongoing. The currency swap arrangements between the Federal Reserve and other central banks, as well as the delivery of dollars, are beneficial for financial stability on both sides of the Atlantic.