Bank of England's Tenreyro joins rate cut talk

• Bank of England policymaker Silvana Tenreyro said she would be inclined to back an interest rate cut in the coming months if growth does not pick up, adding to suggestions that the central bank is edging towards pumping more stimulus into the economy.
• Governor Mark Carney, who steps down in March, surprised markets on Thursday by saying from a “risk management” perspective there could be a case for cutting rates if the economic weakness seen in late 2019 persists into 2020.
• Tenreyro sounded a similar note on Friday, saying the economy was more likely to undershoot than overshoot the BoE’s last forecast from November, the latest version of which will be published alongside the BoE’s next rate decision on Jan. 30.

(Source: Reuters)