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World's central banks keen to ensure financial stability after Brexit, says top Mexican official

Xinhua, June 26, 2016 Adjust font size:

Global central banks are being vigilant about the stability of financial markets and are cooperating closely after the UK voted to exit the European Union, Agustin Carstens, governor of the Bank of Mexico (Banxico), said on Saturday.

Carstens is currently president of the Global Economy Meeting of the Bank for International Settlements (GEM), headquartered in Basel, Switzerland. The institution met Saturday to discuss joint preparations for the fallout of the UK's decision.

"The governors of central banks, in the GEM, discussed the implications of the referendum," said Carstens in a statement.

The Banxico governor said that the group supported the measures taken by the Bank of England, which announced on Friday that it would release 250 billion pounds (342 billion U.S. dollar) in additional funds to help secure monetary and fiscal security.

Stock markets around the world suffered massive losses and currencies tumbled on Friday, due to the uncertainty caused by Thursday's referendum, which saw the UK vote to leave the EU.

The GEM brings together the central bank governors from 30 largest economies, which make up around 80 percent of global gross domestic product. Endit