US Fed: keen to offer dollar liquidity to face Brexit impact

WASHINGTON, June 24 (KUNA) — The US Federal Reserve said on Friday it was prepared to provide dollar liquidity to global central banks in order to address “pressures” in world markets after Britain voted to leave the European Union.
The Fed said it would do so through “existing swap lines” with central banks, adding that these global pressures could have “adverse implications for the US economy,” according to a press release.
It added that the Fed is “carefully monitoring developments in global financial markets, in cooperation with other central banks,” following Britain’s exit from the EU referendum, dubbed Brexit, where 51 of people voted in favor of leaving the European bloc against 48 who wanted to remain. (end)