Comments by BOE MPC member, Michael Saunders
- That would raise inflation
- Would expect interest rates to go a bit higher over time
- But says the process won't be far or fast
- Says UK neutral rate is a lot lower than in the past
- Says that a Brexit deal would help economic outlook
Saunders' remarks aren't really offering anything new to the current BOE picture. The central bank would love to tighten policy at this point in time but are unable to do so due to Brexit. And as long as Brexit uncertainty remains, their hands will still be very much tied.
