Policy outlook could easily go in either direction with a cliff-edge Brexit.
Public uncertainty about BOE policy reflects general political and economic uncertainty.
Don't have to see much of a hit to demand to justify cutting rates to near zero
More likely than not rates would reach lower bound after a no-deal Brexit.
Says that 0.25% is not the lower bound for UK rates, it is lower.
But says it is possible BOE may need to raise rates if inflation expectations are deanchored by a no-deal Brexit outcome.
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