Economy The Bank of England promised 250 billion pounds to calm markets – Telam

The president of the Bank of England, Mark Carney, said Friday that, if necessary, 250 billion pounds that could be used to calm markets shaken by the result of Brexit in favor of the United Kingdom leave be injected the European Union.

the announcement was made after the collapse of the pound sterling reached its record low since 1985 and the stock market opened with a decline of 10%.

the announcement calmed markets, which recovered half the lost value.

Carney said there will inevitably be a period of uncertainty following the decision to leave the European Union, but there will be no immediate relationship with the EU change.

He said

it will take some time for the UK to establish new relations with the rest of the world and you have to be prepared for market volatility.

“the Bank England will not hesitate to take additional steps as needed to address market volatility, “he reiterated the president of the Central Bank.