BoE's Saunders: Rates could move either way after no deal
|Additional remarks from Bank of England rate-setter Michael Saunders continue to cross the wires as he continues to speak at Imperial College in London.
Key quotes (via Reuters)
- Rates could move either way after no deal.
- Households would probably go back to recent trend if Brexit deadline extended by couple of years.
- Output gap has been closing hence policy should not be as loose as has been when we get out of Brexit risk.
- BoE probably would not change assumptions until government has firmer policy after Brexit.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.