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Central Banks Sound Brexit Alarm

A UK exit from the EU could disrupt the global economy, bankers warn.

By Jeff Black and Matthew Campbell, Bloomberg | Updated on June 16, 2016

Global central banks sounded the alarm over the risks posed by a British departure from the European Union, as polls continued to show the “Leave” campaign ahead with a week to go before the June 23 referendum.

In a 15-hour relay of comments, the chiefs of the U.S. Federal Reserve, the Bank of Japan, the Bank of Canada and the Swiss National Bank all cited the referendum on EU membership as being potentially disruptive to the global economy. The BOJ said central banks are in contact over a so-called Brexit, and the Bank of England repeated its warning on the risks in its final monetary-policy decision before the vote.

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