‘Scarred’ Britons are afraid to spend, says Bank of England official

‘Scarred’ Britons are afraid to spend, says Bank of England official

Catherine Mann blames ‘high and volatile inflation’ for recent consumer behaviour

Bank of England's Mann says 'we're not there yet' on inflation expectations

Bank of England interest rate-setter Catherine Mann said on Thursday that inflation expectations in Britain remain too high and interest rates should continue to bear down on price pressures.

Consumers ‘scarred’ by persistent inflation, says Catherine Mann

A member of the Bank of England’s monetary policy committee said prices have surged 30 per cent since 2019, affecting household finances dramatically

Higher interest rates will strengthen household spending, Bank policymaker says

Catherine Mann said interest rates need to stay higher for longer in order to tackle elevated inflation in the UK.

BOE’s Mann Says Tight Policy Needed to Restore Consumer Spending

The Bank of England must continue bearing down on inflation to remove lingering household fears of another price shock and release a recovery in consumer spending, policymaker Catherine Mann said.

BoE’s Catherine Mann Warns Inflation Expectations Still Too High in the UK

Bank of England MPC member Catherine Mann says UK inflation expectations remain high, urging the BoE to keep interest rates restrictive until price stability is achieved.