European Union Bank of Japan and Swiss National Bank Singapore

capital flight: They and their peers are also primed to pump liquidity into banks fearful of running dry and to push back against capital flight from sterling, according to The Japan Times. It is what comes later that monetary-policy makers are less ready for. On Friday morning London time — when the results of a U.K. referendum will show whether the nation has or has not chosen to leave the European Union — the Bank of Japan and the Swiss National Bank Singapore desk could already be selling yen and francs. With the outcome of the British vote too close to judge, central bankers are reaching for measures honed during the last financial crisis to assuage investor nerves. On the market shock, we know the drill already, said Gilles Moec, chief European economist at Bank of America Merrill Lynch in London. Yet beyond calming words, potentially coordinated among Group of Seven economies, and a flash of action should the U.K. tip markets into panic, the institutions may have little left to offer if the turmoil morphs into long-term downturn. (news.financializer.com). As reported in the news.

The content, information, trademarks and multimedia posted on this blog copyrights to their original owners and herein blogged in good faith for the purpose of commentary, speech, opinion and debate.

financializer news

A weblog highlighting financial topics making news in the international media.