BOE's Saunders: Would not say that a rate cut now is precautionary

Author: Justin Low | Category: Central Banks

Further remarks by BOE policymaker, Michael Saunders

  • Risk management is an extra argument for a rate cut
  • But the case for one also stands without this
  • Economic data justifies a rate cut during the last couple of meetings
Again, just be reminded that Saunders is one of the two dissenters since that have been calling for a rate cut since the November policy meeting. Hence, his remarks above are not that surprising as they are in-line with his views and current stance.
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