BOE’s Saunders and Mann Signal Quick Action to Curb Inflation
- Comments leave in tact expectations for another rate rise
- Saunders signals he may not vote for 0.5% hike at next meeting
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Two of the Bank of England’s policy makers said there’s a need to move quickly to keep inflation in check in the U.K., affirming expectations for another interest rate increase this month.
“Prompt tightening now could help limit the total scale of tightening that will be needed,” Michael Saunders said in a speech Tuesday. Catherine Mann said at a separate event that “the policy strategy it is very much a front load to counter expectations.”