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Central Banks

BOE’s Next Move Is Likely Another Rate Rise, Policy Maker Says

  • Policy maker says next move is likely to be another hike
  • Mann warns against under-tightening given inflation risks
Updated on

Bank of England policy maker Catherine Mann has urged her fellow rate-setters to “stay the course” to carry on raising interest rates even though markets are betting on the approaching end of the most aggressive hiking cycle in three decades.

Mann said the UK central bank is most likely to increase borrowing costs again at its next meeting rather than pause but warned of the risk of letting up in the fight against inflation too early.