BoE’s Mccafferty: recent moves in the stock market have been a correction

BoE’s Mccafferty had been taking question live on LBC Radio until 5 GMT.

Key notes:

BoE’s Mccafferty: BoE would like to get back to position where it can cut or raise rates materially before reversing QE - LBC
BoE’s Mccafferty: recent moves in the stock market have been a correction - LBC
BoE’s Mccafferty: we do face a great deal of uncertainty around Brexit negotiations and impact on confidence - LBC
BoE’s Mccafferty: our decisions on rates will depend on how economy evolves - LBC