Bank of England’s Mann warns of ’embedded’ UK inflation risk after decision to hold
"Structural behaviours in UK labour and product markets appear to have systematically embedded inflation," she said in a speech in Lithuania.
Interest rates need to be higher for 'longer' to beat inflation, Bank of England economist claims
A Bank of England policymaker has called for interest rates to remain higher for longer to tackle inflation risks in the UK economy. Catherine Mann, a member of the Bank's rate-setting committee, expressed concerns about factors that could keep price rises above the official two per cent target.
Bank of England Holds Off on Rate Cut After Fed Goes Big
The U.K. central bank left its key interest rate unchanged, taking a more cautious approach than the Federal Reserve.
Bank policymaker says higher interest rates needed to ‘purge’ inflation risks
Bank policymaker says higher interest rates needed to ‘purge’ inflation risks - Catherine Mann, a member of the Bank’s rate-setting committee, raised concerns over inflation staying at its 2% target level.
The Bank of England is widely expected to hold interest rates as inflation stays above target
The Bank of England is widely expected to keep interest rates unchanged on Thursday, a day after official figures showed inflation in the U.K. holding steady at an annual rate of 2.2% in August, with higher airfares offset by lower fuel costs and restaurant and hotel bills.
UK interest rates kept at 5% as Bank of England says 'vital' inflation stays low
The Bank of England has left interest rates unchanged at 5%, but said it could reduce borrowing costs "gradually over time" if inflation stays low. Eight of the nine members on the Bank's Monetary Policy Committee (MPC) voted to keep the UK base rate unchanged on Thursday.
Savings accounts hit with 'significant fall' in interest rates after Bank of England decision
Savers are being hit with a "significant fall" in interest rates attached to accounts, according to new research conducted by Moneyfactscompare. Following recent rate hikes from the Bank of England, savings accounts from high street banks and building societies have been competitively high As it stands,
BoE's Mann takes 'guarded view' on rate cut cycle
Bank of England interest rate setter Catherine Mann said on Friday that she took a guarded view on the prospect of multiple ...
BOE’s Mann Says MPC Should Move Slowly Then Cut Aggressively
Bank of England policymaker Catherine Mann said she would prefer to keep rates higher for longer and then cut more ...
Public sector pay deals risk keeping ‘mortgage costs higher for longer’
Workers’ demands for big pay rises risk prolonging the inflation crisis and forcing the Bank of England to keep interest ...
Catherine Mann Advocates for Restrictive Monetary Policy to Address UK's Embedded Inflation
Inflationary dynamics appear to be "embedded" in the economy, according to a Bank of England rate-setter, who advised a ...
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BoE’s Mann voted hold to avoid ‘boogie-dance’ with rates
Bank of England policymaker Catherine Mann voted to keep rates on hold at 5% yesterday because she wanted to avoid a ...
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BoE's Mann: Monetary policy has to be 'restrictive for longer' as UK faces 'upside risks' to inflation
Bank of England Monetary Policy Committee member Catherine Mann has argued UK interest rates may need to remain “restrictive ...
Rates to plunge to 2.75pc next year, says HSBC
The Bank of England could cut interest rates to 2.75pc next year, analysts have suggested, amid growing confidence that the ...
GBP/JPY extends rally after UK Retail Sales and Mann’s comments boost the Pound
GBP/JPY rises over one-and-a-quarter percentage points on Friday, to trade in the 191.80s, as it builds on considerable gains ...
BoE's Mann takes 'guarded' view on rate-cutting cycle
Bank of England rate-setter Catherine Mann said on Friday she took a "guarded" view about cutting rates, as there was still a ...