“The Loss Of Central Bank Credibility Is The Biggest Tail Risk” BofA Warns Brexit Threat Remains
by Tyler Durden
ZeroHedge.com
Jul 2, 2016
Despite the rapid central-bank-inspired decline in short-term risk momentum, there is no doubt in BofA’s mind that the world is a riskier place following the UK’s decision to leave the EU. Hence, they warn, the chances for additional critical stress events as Brexit unfolds remain high, and given the critical role of central banks in supporting markets in recent years, a loss of credibility remains the biggest visible tail risk.
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