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ECB Stands Ready to Add Liquidity After U.K. Votes to Leave EU

  • Central bank monitoring markets, in close contact with peers
  • ECB says euro-area banks have sufficient capital, liquidity
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Wheeler: European Banks Long on Liquidity for Brexit

The European Central Bank said it will give banks all the funding they require to quell market turmoil after the U.K. voted to leave the European Union.

“The ECB stands ready to provide additional liquidity, if needed, in euro and foreign currencies,” the Frankfurt-based institution said in a press release published on its website Friday. It is “closely monitoring financial markets and is in close contact with other central banks.”