BoE's Ramsden: Little more pessimistic about the GDP growth that the latest BoE forecasts

BoE Deputy Governor Dave Ramsden, during a scheduled speech on Thursday, was noted saying that he is a little more pessimistic about the GDP growth that the latest BoE forecasts.

Additional quotes:

   •  Expect growth to pick up if Brexit goes smoothly.
   •  That will make further monetary tightening appropriate.
   •  Does not expect investment will recover as much as BoE forecasts.
   •  Sees more downside risks to UK productivity.
   •  Interest rates would need to go up or down after no-deal Brexit.
   •  Would want to wait and see before changing policy after no-deal Brexit.