BOE’s Saunders: Brexit uncertainty as a factor for rate cut
Publish Date : 2019/09/27 - 08:26

The Bank of England policymaker Michael Saunders pointed out that a rate cut is possible if Brexit uncertainty persists going forward.

In his opinion the UK economy has weakened due to Brexit uncertainties and such uncertainties made problems for economy, even without a no-deal Brexit.

Risks to global economy are tilted towards further disappointment. Limited and gradual rate rises can be achieved if global growth recovers and Brexit uncertainty falls significantly.

"Quite plausible" for BOE's next move to be to cut rates, even if no-deal Brexit avoided.


Source: Fxstreet

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