BOE's decision to hold rates 'appropriate,' Mann says
Bloomberg · Just In
Bloomberg
Just In
Bank of England Monetary Policy Committee External Member Catherine Mann discusses the inflation situation in the United Kingdom and the central bank's decision to hold interest rates in September.
Breakdown
- Catherine Mann voted to hold interest rates, citing persistent inflation risks.
- She believes the scenario of prolonged inflation is currently unfolding. 13s
- Mann considers current policy relatively loose but appropriate given inflation prospects. 44s
- She argues that holding rates is suitable now, as further tightening could require later loosening. 1m 1s