Here’s How Global Central Banks Will Respond to Brexit

Central bankers have plenty of thinking to do following the historic Brexit vote on Thursday.
Author:
Publish date:

Central bankers have plenty of thinking to do following the historic Brexit vote on Thursday. Dan Hanson, UK economist at Bloomberg Intelligence, based in London, said global central banks will band together to respond. 'The Bank of England has come out and said they stand by the UK financial system - they stand behind the banks,' he said, referring to the BOE's move to make 250 billion pounds of liquidity available amid the Brexit fallout. TheStreet's Scott Gamm reports from Wall Street.