The central bank for central banks
said Friday it is confident coordinated action will contain
post-Brexit market volatility.
"With good coordination on a global level, we are confident
the (Brexit-induced) uncertainty that sparked high market
volatility can be contained, and that the transition can proceed
in the softest way possible," Bank for International Settlements
(BIS) said in a statement ahead of the annual assembly of
central bank governors at the weekend.
"Central banks are ready to take the necessary measures to
ensure the ordinary functioning of the markets," the statement
said.
Based in Basel, Switzerland, the BIS is owned by 60 central
banks for which it acts as a counterparty and trustee.
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