The Bank of England is expected to lower rates in a meeting scheduled later today. Hans Goetti of Banque Internationale believes that while there is a possibility of lower rates, falling pound has already done the job. While Brexit is no more front-page news anymore, it still has consequences, which may be felt 7-8 months down the line as downside risks persists, he told CNBC-TV18. Equities in global markets are rallying because of hold on fiscal and monetary stimulus from central banks. Negative rates, Goetti says, can be harmful in long-term. He expects the rally to continue for another 2-3 months.
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