ECB's Draghi expresses sadness at Brexit

European Central Bank chief Mario Draghi says he's sad at the decision by UK voters to leave the EU.

Mario Draghi, President of the European Central Bank

The head of the European Central Bank says he's sad at the decision by UK voters to leave the EU. (AAP)

European Central Bank President Mario Draghi has expressed "sadness" over Britain's vote to leave the European Union, which has roiled global markets and raised questions about the future of the EU.

The Brexit vote has pummelled the pound and hammered banking shares, leaving investors waiting for a response from major central banks.

In his first comments on the result of last Thursday's referendum, Draghi said on Monday: "Sadness is the best word for what we feel when we witness changes of this magnitude."

Draghi, who was opening the ECB's annual forum on central banking in Sintra, Portugal, will fly to Brussels on Tuesday, where he is expected to brief European leaders about the impact of the UK vote on the euro zone at a two-day European Council meeting.

A panel discussion with the heads of the Bank of England and the US Federal Reserve, scheduled for Wednesday in Sintra, has since been cancelled.

Central banks are ready to cooperate to support financial stability in the wake of Britain's vote to leave the European Union, the Bank for International Settlements said on Saturday, following a gathering of officials in Switzerland.


Share
2 min read

Published

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world
ECB's Draghi expresses sadness at Brexit | SBS News