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Good faith to sort out Brexit: Morrison

AAP logoAAP 26/07/2016

Treasurer Scott Morrison believes stronger financial market architecture along with cooperation by the world's central banks contained volatility in global stocks in the wake of Britain's decision to leave the European Union.

Mr Morrison, who attended the G20 finance ministers meeting in China at the weekend, also said the Reserve Bank of Australia and Treasury expected the impact of the so-called Brexit on Australia would be limited in the longer run.

"It is going to take sometime for the UK and Europe to sort all this out, but I detected good faith to do just that because the stakes are very high," he told Sydney's 2GB radio on Tuesday.

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