Bank of England hints at interest rate cut even without no-deal Brexit
by Kalyeena Makortoff and Phillip Inman from Economics | The Guardian on (#4RAT3)
MPC's Michael Saunders says businesses think uncertainty will last well into 2020
The Bank of England may have to cut interest rates even if a no-deal Brexit is avoided on 31 October, according to a member of the rate-setting monetary policy committee.
Michael Saunders said the economy's persistent weakness meant a delay to Brexit or even a last-minute deal could still leave policymakers with no option but to cut rates.
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