Bank of England (BoE) Deputy Governor Sarah Breeden warned that political uncertainty is hitting the business environment and cautioned that the UK central bank should not be “trigger happy” when adjusting interest rates, the Financial Times reported on Monday.
Key quotes
Political uncertainty is hitting the business environment.
BoE should avoid being ‘trigger happy’ on rates.
Market reaction
At the time of writing, the West Texas Intermediate (WTI) is down 0.08% on the day at 1.3315.
