The Bank of England promised 250 billion pounds to calm markets – La Voz del Interior

President of the Bank of England, Mark Carney, announced today that, if necessary, 250 billion pounds that could be used to calm markets shaken by the result of Brexit to be injected for the UK to leave 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 failed to calm the 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 of England will not hesitate to take additional steps as needed to address market volatility,” he reiterated the central bank president.