If rates were cut, he says it is "highly uncertain when I would want to reverse these interest rate cuts, which would either be driven by an improvement in the underlying economy as the disruptive impact of no deal fades, or by upside risks to inflation if the exchange rate and tariff driven boost to inflation puts upward pressure on medium-term inflation expectations".

The speech is here (https://www.bankofengland.co.uk/speech/2019/gertjan-vlieghe-thomson-reuters)  in which he says the Bank could improve its communications by showing a forecast with its preferred future path of interest rates