BOE’s Mann Warns Sticky Inflation Scenario for UK Is Playing Out

BOE’s Mann Warns Sticky Inflation Scenario for UK Is Playing Out

Bank of England policymaker Catherine Mann warned that a scenario of sticky inflation contemplated by officials is now materializing, though she stopped short of ruling out more interest-rate cuts.

‘Persistent’ inflation should mean rates stay on hold: BoE Mann

Interest rates should be kept on hold for a sustained period due to “persistent” inflation, said Bank of England interest rate-setter Catherine Mann.   “I prefer a longer hold . . . and make a bigger cut when you do to make it very clear…The post ‘Persistent’ inflation should mean rates stay on hold: BoE Mann   appeared first on Mortgage Strategy.

Bank of England's Mann calls for sustained interest rate hold

The Bank of England’s Catherine Mann has called for interest rates to be held where they are for longer before making a larger cut to revive the sluggish growth outlook, citing a recent spike in consumer inflation expectations as evidence price rises were embedding into the economy. The external Monetary Policy Committee (MPC) member known for her ‘activist’ approach to monetary policy told a Bloomberg event that a rise in households’ inflation …