Could Mann’s remarks explain BoE’s next moves?

Catherine Mann, member of the Bank Of England’s Monetary Policy Committee, backed additional increases of the British central bank’s interest rates.

On Monday, Mann warned that the otherwise, namely pausing, as called for by some of her colleagues could involve risk of creating a confusing policy jargon if it turned out rates would need to rise again.

After hiking interest rates to 4% last week, the BoE’s Monetary Policy Committee (MPC) signalled it was close to pausing a run of increases which began in December 2021. Mann also said the risk of under-tightening policy far outweighed the alternative.

Her comments coincided with research on Monday from consultancy Oxford Economics that showed Britain is among the countries most at risk from “monetary overkill” – tightening policy too far. On some metrics, Britain ranked top.