BoE’s Saunders: BoE will probably need to return to neutral policy stance sooner than markets expect

 Bank of England’s Saunders is crossing the wires and has said:

• Could see rates move either way after a no-deal Brexit.
• Cannot wait until all pay, price and capacity indicators are flashing red before raising rates.
• MPC does not necessarily have to keep rates on hold until all Brexit uncertainties are resolved.
• His rate vote to be data depend, not giving a steer on how he will vote at a specific meeting.
• Ay PM May's meeting he judged there was a good case to wait and see before raising rates.
• Policy tightening likely to be limited and gradual.

More to come...