Medium Term: Brexit Vote and Report

medium term: He released a report from the Council of Financial Regulators explaining why Australia had escaped any serious negative shocks from the Brexit vote, according to The Guardian. The Council of Financial Regulators comprises the heads of the Reserve Bank, the Treasury, the Australian Prudential Regulation Authority and the Australian Securities and Investments Commission. The treasurer said the economic impacts in the short and medium term would be concentrated on the UK economy, though some spillover negative effects would be felt in Europe. Related:Australia eager to start free trade talks with Britain The report said monetary and fiscal policy options remain available if the Brexit vote sparked further economic shocks. The report concentrated on the likely short-term impacts of the vote. Morrison had asked the council, in the days before the 2 July federal election, to prepare a report for the incoming government on the likely consequences of the Brexit vote for Australia economy. (news.financializer.com). As reported in the news.