LONDON (MNI) – Developments overseas are key for the setting of UK
monetary policy and for what happens to the domestic economy, Bank of
England Chief Economist Spencer Dale says in a Reuters interview
published Wednesday.

In the interview Dale highlights how BOE policymakers are at the
mercy of events overseas and how they unfold will determine what
happens here.

“The main reason why our economic outlook has deteriorated very
substantially over the past few months is what’s happening in the rest
of the world and, therefore, how we will set the stance of policy going
forward,” Dale says.

–London newsroom: 4420 7862 7491; email: drobinson@marketnews.com

[TOPICS: M$B$$$,M$$BE$]