Bank of England’s Saunders is crossing the wires and has said:
- Could see rates move either way after a no-deal Brexit.
- Cannot wait until all pay, price and capacity indicators are flashing red before raising rates.
- MPC does not necessarily have to keep rates on hold until all Brexit uncertainties are resolved.
- His rate vote to be data depend, not giving a steer on how he will vote at a specific meeting.
- Ay PM May’s meeting he judged there was a good case to wait and see before raising rates.
- Policy tightening likely to be limited and gradual.
More to come…
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