If UK growth surprises to the upside, rate rises on the cards - BOE's Saunders

Author: Nick Bovell | Category: News

Bank of England's Saunders in an interview with the Evening Standard.

Keep in mind Saunders is one of the MPC members already voting for a hike.

The entire interview can be accessed here.

  • If growth surprises on upside, BOE might need to be a bit more activist.
  • Brexit probably means UK economy will grow several percentage points less than it otherwise would do.
  • His hunch is that UK growth will be ok, jobless rate will continue to fall.
  • Risk that uk consumers cut back spending really sharply has not materialised.

There's nothing game-changing in this interview. Cable is relatively unmoved on its publication. We kissed the 1.2950 level for the third time now.