BOE’s Mann Says UK Economy Would Be Hit by Global Trade Tensions
- Mann says even uncertainty on trade may damage UK economy
- She reiterates hawkish stance against interest-rate cuts
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Bank of England rate-setter Catherine Mann warned that shockwaves from a global trade war sparked by Donald Trump would hit UK growth and inflation.
Mann said on Thursday that even uncertainty over trade policy could have “damaging economic effects and increase volatility,” as she reiterated her hawkish stance against interest-rate cuts.