BOE's Saunders: Monetary policy implications from no-deal Brexit could go either way

Author: Justin Low | Category: Central Banks

Further comments by BOE MPC member, Michael Saunders

  • Certainty of a worse Brexit outcome is not better than currency uncertainty
  • Brexit uncertainty is affecting GBP
  • Says that he has no personal view on optimal level of GBP
After talking up rate hikes earlier, he's now saying that the central bank can "cut rates close to zero, but would not go to negative rates" if necessary. Of course, all this talk is just conjecture as they will have to wait and see how Brexit turns out first.

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