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Bank policymaker says higher interest rates needed to ‘purge’ inflation risks

Summary by Evening Standard
Catherine Mann, a member of the Bank’s rate-setting committee, raised concerns over inflation staying at its 2% target level.

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Evening StandardEvening Standard

Bank policymaker says higher interest rates needed to ‘purge’ inflation risks

Catherine Mann, a member of the Bank’s rate-setting committee, raised concerns over inflation staying at its 2% target level.

·London, United Kingdom
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Action ForexAction Forex

BoE's Mann favors extended tight policy before swift, aggressive cuts - Action Forex

In a speech today, BoE MPC member Catherine Mann emphasized the importance of a cautious approach to easing monetary policy, stating that it’s preferable to remain restrictive longer amid inflation uncertainties. She argued that “a risk management assessment implies it is better, under inflation uncertainty, to remain restrictive for longer, until right tail risks to […] The post BoE’s Mann favors extended tight policy before swift, aggressive c…

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bemparana.com.brbemparana.com.br

Mann, from the BoE, defends keeping interest rates at restrictive levels for longer

Director of the Bank of England (BoE), Catherine Mann, said this Friday, the 20th, she had a cautious view of the monetary relaxation process. In a speech at a conference in Lithuania, Mann defended maintaining restrictive interest rates for longer and cutting them more aggressively later. “A risk management assessment implies that it is better, under inflation uncertainty, to remain restrictive longer, until the tail risks for the inflation pro…

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FXStreetFXStreet

BoE’s Mann: Better to remain restrictive for longer

Bank of England (BoE) policymaker Catherine Mann said on Friday that “it is better to remain restrictive for longer.” Additional quotes We can cut more aggressively later once inflation risk is contained.

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perspectivemedia.comperspectivemedia.com

Bank policymaker says higher interest rates needed to ‘purge’ inflation risks

Catherine Mann, a member of the Bank’s rate-setting committee, raised concerns over inflation staying at its 2% target level. A policymaker at the Bank of England has said interest rates need to stay higher for longer in order to “purge” the risks to UK inflation. Catherine Mann, an economist and member of the Bank’s rate-setting committee, raised concerns over factors that could mean price rises remain above the official 2% target level for lo…

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fxstreet-id.comfxstreet-id.com

Mann, BoE: Better to Stay Restrictive for Longer

Bank of England policymaker Catherine Mann said on Friday that “it is better to remain restrictive for a longer time.”

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