ECB says closely monitoring financial markets

The European Central Bank (ECB) said on Friday that it is closely monitoring financial markets.

“Following the outcome of the UK referendum, the European Central Bank (ECB) is closely monitoring financial markets and is in close contact with other central banks,” said a statement released by the ECB.

The ECB said it stands ready to provide additional liquidity, if needed, in euro and foreign currencies. The central bank considers that the euro area banking system is resilient in terms of capital and liquidity.

Germany’s benchmark DAX index on Friday opened 10 percent lower. Stock markets in the UK and France also suffered losses.

At a referendum held on Thursday, the majority of the voters voted in favor of the country leaving the EU. Enditem (Xinhua)