BoE's Saunders: Rates could move either way after no deal

Eren Sengezer FXStreet

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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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