BoE’s Weale: BoE should wait for firmer evidence before changing policy - TDS

Research Team at TDS, notes that in the UK MPC member Martin Weale spoke this morning about the impact of Brexit on monetary policy.

Key Quotes 

“As we had expected, he affirmed his place as the hawk on the MPC, saying that he does not know if he will back a rate cut at the BoE’s 4 Aug meeting, that early action on rates is not needed as there is no sense that consumers or businesses are panic stricken, and that the BoE should wait for firmer evidence before changing policy.”