Bank of England's Saunders warns of risk of low inflation trap
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BANGOR, Northern Ireland (Reuters) - Bank of England interest-rate setter Michael Saunders warned on Wednesday that Britain risks getting stuck in a low-inflation trap if the central bank does not take early action to boost the economy.Saunders, one of the two top BoE officials who voted to cut rates in late 2019, said there was a risk that Britain's economy would be weaker than his colleagues have predicted over the next couple of years."If we defer easing near-term and, in the event of..