Federal Reserve: We are ready to provide liquidity

In a brief statement, the US central bank said that is ready to provide liquidity as necessary in order to avoid adverse implications for the US economy. Other central banks and global institutions made statements after the sharp decline in equity prices and the volatile moves in the forex market.

“The Federal Reserve is carefully monitoring developments in global financial markets, in cooperation with other central banks, following the results of the U.K. referendum on membership in the European Union. The Federal Reserve is prepared to provide dollar liquidity through its existing swap lines with central banks, as necessary, to address pressures in global funding markets, which could have adverse implications for the U.S. economy”, said the Fed in a statement.