PIMCO on the Brexit vote and what it means for BoE policy in the near and medium terms:
Near term:
– The UK economy will be pulled lower by uncertainty
– We expect the Bank of England to cut the official interest rate to zero
Medium term
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PIMCO on the Brexit vote and what it means for BoE policy in the near and medium terms:
Near term:
– The UK economy will be pulled lower by uncertainty
– We expect the Bank of England to cut the official interest rate to zero
Medium term