World, As Seen from Trinity Street, Dublin, Ireland

Bank of England may lower interest rate

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The Bank of England (BoE) may have to lower UK interest rates, even if the British are able to prevent a no-deal breakdown. That is what policy maker Michael Saunders of the British central bank says.

Saunders is known by the BoE as an avid opponent of monetary intervention. That he now talks about intervention is seen as a sign on the wall.

According to Saunders, Brexit uncertainties depress the growth of the British economy, even if a smooth departure from the European Union is achieved. The central banker also points to the weak global economic outlook.

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World, As Seen from Trinity Street, Dublin, Ireland

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