The Bank of England (BoE) has pledged £250bn for the UK economy after the Britain voted to leave the European Union (EU).
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BoE also announced its intention to provide substantial liquidity in foreign currency when needed.
BoE governor Mark Carney said: "We expect institutions to draw on this funding if and when appropriate, just as we expect them to draw on their own resources as needed in order to provide credit, to support markets and to supply other financial services to the real economy."
The central bank said that it has already stress tested UK banks against more harsh scenarios than the present scenario, which resulted in the lenders raising over £130bn of capital and having over £600bn of high quality liquid assets.
The bank will evaluate economic conditions and weigh additional policy over the coming weeks.
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By GlobalDataIt will also continue to consult with relevant domestic and international authorities to make sure that the country’s financial system can absorb any stress.
"There will be no initial change in the way our people can travel, in the way our goods can move or the way our services can be sold. And it will take some time for the United Kingdom to establish new relationships with Europe and the rest of the world," BoE stated.
