BoE most likely to cut rates in a no-deal Brexit - Tenreyro
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LONDON (Reuters) - The Bank of England is more likely to cut interest rates than raise them in the event of a no-deal Brexit, rate-setter Silvana Tenreyro said, the latest BoE official to back the idea of coming to the economy's rescue if it suffers a Brexit shock.The BoE has said its response to a chaotic exit from the European Union would not be automatic because a fall in the value of the pound and the imposition of tariffs on trade could push up inflation, making the case for a rate hike.But..