Bank of England policymaker Catherine Mann, who voted in favor of a rate hike in the last policy meeting, said on Thursday that she is not convinced that the near-term declaration in headline inflation will continue.
Mann noted that she is worried that a Red Sea price shock could be incorporated into corporate pricing swiftly and argued that financial conditions in the UK eased “too much.”
These comments failed to trigger a noticeable reaction in GBP/USD. As of writing, the pair was down 0.25% on the day at 1.2593.
Tags BoE Catherine Mann headline inflation monetary policy meeting
Check Also
Bitcoin Faces Continued Pressure Amid Fed’s Hawkish Stance
Bitcoin traded marginally lower on Monday, reflecting ongoing caution among investors as macroeconomic uncertainties and …