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Express News | Bank of England official Mann stated that a 100 basis points rate cut is too aggressive, which is contrary to the views of most of her colleagues.
Bank of England monetary policy committee member Mann: Inflation remains "enormously" sticky.
External member Mann of the United Kingdom Monetary Policy Committee stated that the country's inflation rate still has "huge sustainability" and reiterated her opposition to rate cuts. Mann reiterated her hawkish stance on monetary policy at a Brown Brothers Harriman event on Thursday, saying that cutting rates by 100 basis points in the next year would be "too aggressive", "I still see a huge sustainability in domestic inflation trends". She emphasized: "You need to maintain longer to assess the potential sustainability in the economy and eliminate structural factors as much as possible. It is important to eliminate these rigid factors".
Express News | Bank of England monetary policy committee member Mann: Inflation still has a "huge" stickiness.
Express News | Bank of England Deputy Governor Ramsden: Gradual interest rate cuts are currently appropriate.