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BOE’s Cunliffe: Count on gradual tightening of coverage

BOE deputy governor Jon Cunliffe: is now testifying earlier than the British Parliament’s Treasury Choose Committee, with the important thing feedback discovered beneath.

Output surveys level to subdued exercise within the near-term.

Outlook in fact might be materially affected by Brexit consequence.

Robust Q3 progress most likely displays a restoration of weak point.

However doesn’t include a lot details about the long run.

Ahead-looking indicators are largely reflecting Brexit uncertainties.

Expects gradual tightening of coverage.

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