Additional comments continue to cross the wires from Bank of England rate-setter Michael Saunders as he responds to questions after delivering his prepared speech earlier in the hour.
Key quotes (via Reuters)
- UK businesses are placing more weight on the chance of a disorderly Brexit than BoE forecasts assume.
- Neutral interest rate is around 2% for UK.
- Asked about possible VAT cut by next prime minister, says tax cut would boost growth and have monetary policy implications.
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