Bank of England policy maker Catherine Mann called for “forceful” action to contain inflation, a signal she may support more out-sized increases in interest rates as soon as next week.
(Bloomberg) — Bank of England policy maker Catherine Mann called for “forceful” action to contain inflation, a signal she may support more out-sized increases in interest rates as soon as next week.
The economist said an upward drift in expectations about where consumer prices are headed has become “apparent” and that officials “cannot be complacent.”
“Acting more forcefully now, to ensure that the drift does not become the norm, is designed to avoid depending on a deeper and longer contraction to return inflation to target,” Mann said in the text of a speech on Monday.
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