IMF Head: Central Banks Did Good Job After Brexit

The central banks around the world have done a good job regarding the United Kingdom (UK) referendum vote on the exit from the European Union (EU) and have been prepared for such a scenario, head of the International Monetary Fund Christine Lagarde said Sunday.

MOSCOW (Sputnik) — Following the UK referendum on Friday, UK media reported that the pound sterling was at its lowest level in 30 years.

"There was a violent, brutal, immediate massive move, the pound went down by 10 percent. But there was no panic and the central bankers did the job that they were prepared to do just in case, which was to put a lot of liquidity on the markets," Lagarde said at a forum during the Aspen Ideas Festival in Colorado, United State.

She added that the financial markets, on the other hand, "vastly underestimated" the outcome of Britain's vote.

On June 24, IMF said to support determination of the Bank of England and the European Central Bank (ECB) to curtail financial volatility following Brexit.