Bank of England Deputy Governor Dave Ramsden’s comments on Monday included:
The trade war weighs on the willingness of companies to invest around the world.
The British economy has been hit hard by uncertainty about Brexit, coupled with declining investment by some companies, weighing on the Bank of England to help.
If the Brexit is postponed beyond October 31, I see no need for a more appropriate monetary policy.
Dave Ramsden expressed concern about the potential for economic growth due to the decline in production in Britain during the second quarter at the fastest pace in five years.