Central banks ready to cooperate after Brexit result

Central bankers gathered at the organisation's global economy meeting in Switzerland discussed the implications of the referendum.

By: Reuters | Zurich | Published: June 26, 2016 9:29 am
brexit, european union, referendum, european union referendum, britain, britain eu, eu, eu referendum, britain referendum, central banks, world economy, world market, brexit economy, brexit market, world news Britain opting to leave European union has shaken the world market as it impacts world trade.

Central banks are ready to cooperate to support financial stability in the wake of Britain’s vote to leave the European Union, the Bank for International Settlements said on Saturday.

Central bankers gathered at the organisation’s global economy meeting in Switzerland discussed the implications of the referendum.

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“Governors endorsed the contingency measures put in place by the Bank of England and emphasised the preparedness of central banks to support the proper functioning of financial markets,” said Agustín Carstens, chairman of the global economy meeting.

“Central banks will carefully monitor market functioning and stability, and cooperate closely.”

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