BOE's Saunders: Would not say that a rate cut now is precautionary

Further comments are crossing the wires from the Bank of England (BOE) policymaker Saunders, as he continues to talk about the central bank’s next policy move.

Would not say that a rate cut now is precautionary.

Risk management is an extra argument for a rate cut.

But the case for one also stands without this.

Economic data justifies a rate cut during the last couple of meetings.