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    ECB “ready to provide additional liquidity” if needed

    © Belga
    © Belga

    The European Central Bank announced on Friday that it was ready to intervene to prevent a shortage of liquidity following the vote in favour of leaving the European Union at Friday’s referendum in Britain. “The ECB stands ready to provide additional liquidity, if needed, in euro and foreign currencies,” the Frankfurt-based bank said.

    It “considers the euro area banking system is resilient in terms of capital and liquidity” and “is in close contact with the other central banks”, the ECB said.

    Oscar Schneider (Source: Belga)