BoE could need to cut rates if Brexit uncertainty persists – Vlieghe

Bank of England Monetary Policy Committee Member, Gertjan Vlieghe speaks during a Newsmaker event in London, Britain July 12, 2019. /Henry NichollsLONDON () – The Bank of England could potentially need to cut interest rates to boost demand if Britain faces repeatedly extended Brexit deadlines and a slowing global economy, BoE policymaker Gertjan Vlieghe said on Friday. Speaking at Thomson , Vlieghe also said that in a ‘no deal’ Brexit scenario, the BoE could need to cut interest rates to a record low below the 0.25% they sank to after 2016’s referendum to leave the European Union. Reporting by David Milliken, editing by Andy BruceOur Standards:The Thomson Trust Principles.