Brexit Uncertainty could Lead to British Interest Rate Cut
Brexit Uncertainty could Lead to British Interest Rate Cut. The Bank of England (BoE) may have to lower UK interest rates, even if the British can prevent a no-deal breakdown.
That is what policymaker Michael Saunders of the British central bank says.
Do you know more?
Saunders is known by the BoE as an avid opponent of monetary intervention. That he now talks about response is seen as a sign on the wall.
According to Saunders, Brexit uncertainties depress the growth of the British economy, even if a smooth departure from the European Union is achieved. The central banker also points to the weak global economic outlook.