BOE’s Mann Warns of ‘Clear Evidence’ of Sticky Inflation
Catherine Mann, member of the monetary policy committee at the Bank of England (BOE), in Washington on Oct. 16.
Photographer: Samuel Corum/BloombergBank of England rate-setter Catherine Mann warned there is “very clear upside evidence” of UK inflation lingering above the central bank’s 2% target for longer.
Speaking in Washington on Thursday, Mann said monetary policy needs to remain tight to rein in climbing household inflation expectations that threaten to keep price pressures elevated if they spill over into demands for higher pay.