ECB ready to inject extra liquidity if needed
The European Central Bank (ECB) is closely monitoring the developments in the financial markets after the outcome of the referendum in Great Britain and is ready to provide additional liquidity if needed in euros or in foreign currency, ECB said in a statement.
The ECB is in contact with other central banks. It is in constant communication with the commercial banks it oversees, having already drawn up contingency plans to ensure that the banking system will remain strong both in capital terms and in terms of liquidity.
Meanwhile, Bank of Greece (BoG) governor Yannis Stournaras is expected to leave for Basel, Switzerland, to participate in the Bank for International Settlements (BIS) scheduled meeting.
The central bankers are expected to reconsider the situation in the eurozone after the outcome of the British referendum.
Regarding the impact on Greece, the Bank of Greece estimated that it would be limited.
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