BoE’s Mann criticises monetary policy response to Iran shock

BoE’s Mann criticises monetary policy response to Iran shock

Oct 1 (Reuters) – Bank of England interest rate-setter Catherine Mann criticised on Thursday the central bank’s response ​to the Middle East shock, ‌adding that its communications may have contributed to tighter financial conditions in ways that should be of no comfort to officials. Mann said ‌the ​rise in market borrowing ⁠costs after the ⁠outbreak of the Iran war — which some of her colleagues think is helping bear down on inflation — actually…