Bank of England Policymaker Calls for Interest Rates to Stay on Hold for Longer

Bank of England policymaker calls for interest rates to stay on hold for longer

Catherine Mann, a member of the Bank’s Monetary Policy Committee (MPC), said keeping rates at the current level was ‘appropriate right now’.

BOE’s Mann Calls for Rates to Remain on Hold Amid Sticky Prices

Bank of England rate-setter Catherine Mann said that borrowing costs should be held for longer at their current levels to stop high UK inflation from lingering.

BoE Mann argues for ‘persistent’ interest rate hold    – Mortgage Finance Gazette

Bank of England rate-setter Catherine Mann called for a “persistent hold on Bank rate” to fight rising inflation -- but stands ready for “rapid” interest rate cuts should the UK economy deteriorate.   Monetary Policy Committee member Mann held out for a rate hold when… The post BoE Mann argues for ‘persistent’ interest rate hold    appeared first on Mortgage Finance Gazette.

BoE Mann calls for ‘persistent’ interest rate hold    – Mortgage Strategy

Bank of England rate-setter Catherine Mann called for a “persistent hold on Bank rate” to fight rising inflation -- but stands ready for “rapid” interest rate cuts should the UK economy deteriorate.   Monetary Policy Committee member Mann held out for a rate hold when…The post BoE Mann calls for ‘persistent’ interest rate hold    appeared first on Mortgage Strategy.

BoE’s Mann: A more persistent hold on the bank rate is appropriate now

Catherine Mann, a member of the Bank of England’s (BoE) Monetary Policy Committee (MPC), said on Tuesday that the bank rate should be held persistently to lean against inflation risks. She added that she is ready to cut rates more forcefully if downside risks to growth materialise.