BOE’s Broadbent: Pretty confident yesterday’s measures will have some effect

Bank of England (BOE) policymaker Broadbent was on the wires via BBC Radio 4, commenting on yesterday’s BOE rate cut decision.

Key Quotes:

“Surveys are not just about confidence but actual activity and jobs”

“We did not spend a lot of time considering whether our actions could hurt confidence in the economy”

“Sterling only saw a relatively small move after the announcement”

“BOE action do not send out a message of panic”

“The flexibility in the UK economy is not enough on its own to stop a slowdown”

“Stg moves have been stable recently compared to post-brexit”

“Easing policy is not bad for confidence”

“Plenty of evidence for yesterday’s decision

“Pretty confident yesterday’s measures will have some effect”

“Able to act in a 'more timely way' than govt”