World News: 10:01 GMT Friday 12th July 2019. [Yahoo Business News Feed via SPi World News]
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 Reuters, 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.
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