BOE’s Mann Lifts U.K. Bond Yield With Hint of Bigger Move in May
- Policy maker is considering the case for a half-point increase
- Focus on how economy is performing after inflation squeeze
Catherine Mann
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Bank of England policy maker Catherine Mann said she’s considering whether interest rates need to rise by more than a quarter point next month, reigniting the debate about a quicker pace of tightening for monetary policy.
Money markets cranked up BOE tightening wagers after the remarks, betting on at least one half-point hike by August. Yields on U.K. two-year government bonds -- which are the most sensitive to monetary policy -- surged by as much as 16 basis points to 1.72%, the highest since 2009.