If there were any big shocks he adds
- BOE rate can be moved closer to zero if needed
- We have not indicated that we have an appetite for negative rates
- I am not a believer in helicopter money
This is mostly chatter on 'what if things go south' scenarios, rather than anything to do with the current state of the economy.
Given that London has one eye on the exit door these headlines might have a bigger effect as liquidity dries up. The pound wobbled 20 pips on the nothing headline.
