BOE's Saunders Sees Potential Rate Cut If No-Deal Brexit Avoided

The transcript discusses comments from Michael Saunders, a Bank of England policymaker, who suggests that UK monetary policy could shift depending on Brexit outcomes. The uncertainty surrounding Brexit negotiations is highlighted, with Brexit Minister Steve Barclay in Brussels for talks. Key issues like the Irish border remain unresolved, and even if a deal is desired, passing it through Parliament is uncertain. Political rhetoric from Boris Johnson's allies warns of unrest if Brexit doesn't occur, complicating deal negotiations.

What potential change in UK monetary policy does Michael Saunders suggest?

• A decrease in bank rates

• No change in bank rates

• An increase in bank rates

• A shift to a fixed exchange rate

What is the main reason for the uncertainty in Brexit negotiations?

• Lack of interest from the EU

• Political changes in the EU

• Unresolved issues like the Irish border

• Economic instability in the UK

Where is Brexit Minister Steve Barclay conducting negotiations?

• London

• Paris

• Brussels

• Berlin

What challenge does Boris Johnson face in getting a Brexit deal through Parliament?

• Insufficient votes in Parliament

• Public opposition

• Lack of support from the EU

• Economic constraints

What have Boris Johnson's allies warned about if Brexit doesn't happen?

• Economic growth

• Increased trade

• Political stability

• Potential riots