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ECB says ready to provide additional liquidity after Brexit vote

AFP , Friday 24 Jun 2016
The headquarters of the European Central Bank (ECB) is illuminated with a giant euro sign at the sta
The headquarters of the European Central Bank (ECB) is illuminated with a giant euro sign at the start of the "Luminale, light and building" event in Frankfurt, Germany, March 12, 2016. (Reuters)
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The European Central Bank said Friday it is ready to provide additional liquidity for financial markets if needed in the meltdown sparked by Britain's decision to quit European Union.

"Following the outcome of the UK referendum, the European Central Bank is closely monitoring financial markets and is in close contact with other central banks," it said in a statement.

"The ECB stands ready to provide additional liquidity, if needed, in euro and foreign currencies," the bank said, adding: "The ECB has prepared for this contingency in close contact with the banks that it supervises and considers that the euro area banking system is resilient in terms of capital and liquidity."

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