BOE's Haskel: It is fine to cut rates as BOE can raise them back by more later

Haskel continuing to drop more dovish hints on the day

He was asked on the possibility that a rate cut could over-stimulate the UK economy, in which he responded "that is fine" as the BOE can raise rates by more later if need be.

His earlier remarks alluded to looser policy and that cutting rates now would act as an insurance against the need for zero rates in the future.

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