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Thursday, June 30, 2016
ECB's Urging & "Crisis Mode"
ANBOUND

Recently, European Central Bank (ECB) President Mario Draghi said that in order to prevent "destabilising spillovers" between economies, the central banks should align their monetary policies.

The research team at ANBOUND Consulting is of the view that after the 2008 global financial crisis, the central banks had taken concerted actions.

Now Draghi has once again, urged the central banks to coordinate with one another and put greater emphasis to the global economy. This shows that after Brexit, the ECB has a strong sense of crisis and the central banks must act together to reduce the impacts arising from Brexit.

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