LONDON (Reuters UK) - The Bank of England will cut interest rates further if needed to ensure inflation meets its 2 percent medium-term target, Bank Chief Economist Spencer Dale said in a newspaper interview published on Thursday.
"We will do whatever (is needed) to ensure that inflation remains close to our target, thereby returning the economy to a position where its normal growth can resume," he told the Newcastle Journal.
"If that means cutting interest rates further, we'll cut interest rates further," he continued.
Dale said that northeastern England's heavy focus on manufacturing meant it was better placed to deal with the slowing economy than other parts of the country.
"Sterling has fallen by around 15 percent in the past year and that should help to support exports," he said.
(Reporting by David Milliken)
