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.
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