BOE’s Mann Says Her Vote for UK Rate Hike Was ‘Finely Balanced’
- Policy maker set out reasons inflation linger above target
- Drop in services inflation key to shifting her next votes
Catherine Mann
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Bank of England policy maker Catherine Mann said her latest vote for a UK interest-rate hike was “not easy,” in a sign that her hawkish stance on monetary policy might soften in the coming months.
Mann, one of two officials on the nine-member Monetary Policy Committee to vote for a 25 basis point hike at the Bank’s rate-setting meeting earlier this month, said her decision was “finely balanced” since the majority voted to hold rates at 5.25% and Swati Dhingra became the first to opt for a cut.