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Brexit impact: Central banks ready to work together to limit fallout

The UK voted to leave the European Union on Friday, wchih is expected to have a long-term impact on the world's economy.

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European flags are pictured in front of the European Central bank ECB in Frankfurt am Main, western Germany, on June 24, 2016.ECB said on June 24, 2016 being ready to provide additional liquidity after the Brexit vote.
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Central banks are ready to cooperate to support financial stability in the wake of Britain's vote to leave the European Union, the Bank for International Settlements said on Saturday.

Central bankers gathered at the organisation's global economy meeting in Switzerland discussed the implications of the referendum.

"Governors endorsed the contingency measures put in place by the Bank of England and emphasised the preparedness of central banks to support the proper functioning of financial markets," said Agustín Carstens, chairman of the global economy meeting.

"Central banks will carefully monitor market functioning and stability, and cooperate closely."

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