Bank of England Speaks Common Sense - For Once!

Meaty speech from Bank of England MPC member Vlieghe talking at @Reuters 🧨🧨🧨

• Rates could be cut to nearly 0% in no-deal Brexit
• Explicit rate guidance if there's a deal: 1% in year, 1.25% in 2 years, 1.75% in 3
• But rate hikes would require global economy to improve

— Andy Bruce (@BruceReuters) July 12, 2019