Bank of England's Saunders sticks to rate cut view
Share:
BANGOR, Northern Ireland (Reuters) - Bank of England interest-rate setter Michael Saunders said on Wednesday he was sticking to his view that borrowing costs should be cut because of weakness in Britain's labour market and its broader economy."It probably will be appropriate to maintain an expansionary monetary policy stance and possibly to cut rates further, in order to reduce risks of a sustained undershoot of the 2% inflation target," Saunders said in a speech. "With limited monetary policy..