RBI Governor Raghuram Rajan and heads of central banks from across the world got into a huddle on Friday in this Swiss town as Britain’s vote to exit European Union gave an early morning shock to the financial markets globally.
Mr. Rajan, who has been pitching for greater coordination among central banks to deal with such situations, was expected to reiterate this point amid fears that Europe may slip into recession and many more countries may call for similar referendums.
Heads of central banks get into a huddle every second month here at the headquarters of the Bank for International Settlement.
