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Fast Bank of England rate cut unlikely since Brexit is 'not a Lehman moment'

Experts said Friday that central banks are unlikely to do anything rash, despite how markets negatively reacted to the U.K. vote to leave the European Union.

Following the results, London's benchmark FTSE 100 index traded as much as 7.9 percent lower, before recovering some of those losses.

Despite the market turmoil, Peter Hensman, global strategist at Newton Investment Management, told CNBC's "Worldwide Exchange" he doesn't see the Bank of England cutting interest rates just yet.

"It's not a Lehman moment however, so I don't think it's likely that they'll cut just yet," Hensman said.

Mark Carney, the Bank of England's governor, said that while near-term volatility is to be expected, the central bank is "well prepared." He also said the bank would provide an extra 250 billion pounds ($344 billion) in liquidity.

Mark Astley, CEO of Millennium Global, told "Worldwide Exchange" the outcome of the referendum may have given the U.S. Federal Reserve a reason to take a 2016 rate hike off the table.

"Given that this is an uncertain event that has added to the challenges in terms of the U.S. economic outlook and more globally, we do think that that's unlikely," Astley said.

The Bank of England on the day after the Brexit vote on June 24, 2016.
Ashley Stringer | CNBC
The Bank of England on the day after the Brexit vote on June 24, 2016.

The triumph of the leave campaign was something that markets had not predicted. Following the news, Prime Minister David Cameron, who had supported the remain camp, announced his resignation on Friday. He added that he is likely to be gone by the time of the Conservative Party conference in October.

Tina Fordham, chief global political analyst at Citi, told "Worldwide Exchange" it wouldn't be "politically tenable for him" to stay that long.

"I think he has to go quicker," Fordham said, adding that the U.K. will likely see an interim leader before a new prime minister is elected.

She said, however, that the markets and the Bank of England "will be glad about [Cameron's] statement, but I suspect in a couple weeks time, we'll see a transition."