BRUSSELS (Sputnik) — The European Central Bank (ECB) believes that market volatility, linked to the possibility of Britain's exit from the European Union, may continue even after the UK Brexit referendum in June, ECB President Mario Draghi said Thursday.
"We view the participation of the UK to the European Union as mutually beneficial… Certainly, the discussion about this possibility [of Brexit] has already produced some significant consequences on the markets, for example a depreciation of the sterling, quite significant. We do expect a continuation of market volatility, certainly, until the referendum… probably, even after the referendum," Draghi said at a press conference.
At the same time, he added that the risk that the British referendum could undermine the economic recovery in the Eurozone was "very limited."
UK nationals are set to vote on June 23 in a referendum on the country's EU membership, after Prime Minister David Cameron and the leaders of the 27 other EU member states reached a deal in February to grant the United Kingdom a special status within the bloc.
