Economics
Central Banks Fear Trouble Ahead as Brexit Stress Goes Global
- India’s Rajan warns that U.K. vote could spark market turmoil
- Policy makers are holding off decisions until vote passes
Brexit: Making Central Banks Delay Policies?
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From Washington to Mumbai, central bankers are finding their policy decisions gummed up by a potential British exit from the European union.
Federal Reserve Chair Janet Yellen became the highest-profile monetary policy maker to speak out this week, when she warned a so-called Brexit would have “significant economic repercussions,” a concern echoed by counterparts including Reserve Bank of India Governor Raghuram Rajan.