BOE's Mann: Fx rate is important ingredient for UK inflation

Eren Sengezer FXStreet

"Medium-term inflation expectations are very important for my assessment of where bank rate should go," Bank of England (BOE) policymaker Catherine Mann said on Tuesday, as reported by Reuters.

"Once inflation expectations have been managed, the bank rate can come off a future peak," Mann added and noted that the foreign exchange rate is an "important ingredient" for the UK inflation.

Market reaction

These comments don't seem to be having a significant impact on Pound Sterling's performance against its rivals. As of writing, GBP/USD was up 0.55% on the day at 1.2025.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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