Thursday 12 December 2019

ECB attempts to reassure markets after Brexit vote

The European Central Bank
The European Central Bank

Sean Duffy

The European Central bank has said it is ready to assist with contingency measures if necessary following Britain’s decision to leave the EU.

In a statement released to the Irish Independent, the Frankfurt-based institution said: “Following the outcome of the UK referendum, the European Central Bank (ECB) is closely monitoring financial markets and is in close contact with other central banks. The ECB stands ready to provide additional liquidity, if needed, in euro and foreign currencies. The ECB will continue to fulfil its responsibilities to ensure price stability and financial stability in the euro area.”

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