BOE’s Saunders: Monetary policy implications of Brexit outcome could go either way

Reuters reports the latest comments by the BOE policymaker Michael Saunders, delivered during his testimony on the inflation report hearings.

Key Points:

Likely Q4 economic growth will slow following strong Q3 gain.

Perhaps Q1 2019 growth will also slow.

Monetary policy implications of Brexit outcome could go either way.

Agrees with BOE’s broad outlook for interest rates, conditioned on Brexit assumptions.