The head of the International Monetary Fund (IMF), Christine Lagarde, said that global financial markets had underestimated the effects of the British referendum on membership in the European Union, but the panic in the economy did not happen, according to TASS.
She said at the forum, which was organized by Research Aspen Institute in the US state of Colorado.
“Markets are largely underestimated the outcome of the referendum. The markets did not panic, central banks have done the work. There was a sharp, hard and large-scale movement of (market), the pound fell 10%, but rose slightly during the day – she said
.
According to her, “some people have lost a lot of money, while others – have acquired a lot of money, as it often happens when there is a large-scale instability, but there was no panic»
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Lagarde also said that the world’s central banks were willing “to provide enough liquidity markets».
Earlier, Christine Lagarde urged the British authorities to take measures to ensure a smooth transition to new economic relations between the country and the European Union against the background of the referendum results.
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