Rate-setter calls on Bank of England to adopt ‘activist’ approach to rates Economics The Bank of England should adopt a more activist approach to setting interest rates in order to deal with the “substantial volatility” affecting geopolitics and financial markets, a rate-setter has said. Catherine Mann, an external member of the Bank’s Monetary Policy Committee (MPC), argued that rate-setters should be more willing to vote for more radical [...]
Bank of England needs to ‘cut through the noise’, rate-setter says Economics In a speech delivered in Leeds, Mann explained that the persistence of "embedded inflationary behaviours" had diminished due to growing weakness in the economy.
Monetary policy needs to be ‘more forceful’ as global economy becomes less stable Economics "Over the next few years at least, volatility in macroeconomic variables likely will be elevated," Mann said at the Annual Conference of the Society of Professional Economists in London.
Bank of England’s Mann warns of ’embedded’ UK inflation risk after decision to hold September 20, 2024 "Structural behaviours in UK labour and product markets appear to have systematically embedded inflation," she said in a speech in Lithuania.