BoE’s Saunders: Floor of UK interest rates is close to zero

The Bank of England (BoE) policymaker Michael Saunders added to his earlier dovish comments and said that the floor of UK interest rates is close to zero, marginally positive.

Additional quotes:

   •  Not a fan of negative interest rates.
   •  Negative interest rates lead to a weaker banking system and risks to financial stability.
   •  Tool for policy loosening once rates are at lower bound is further asset purchases.