BOE's Mann: Inflation uncertainty strengthens case for front-loading rate rises

Eren Sengezer FXStreet

Bank of England (BOE) policymaker Catherine Mann noted on Thursday that they are seeing very high inflation expectations over a one-year horizon in the UK, as reported by Reuters.

"High inflation expectations may feed into inflation today," Mann added. "The uncertainty about inflation process strengthens the case for front-loading interest rate rises."

Market reaction

These comments don't seem to be having a significant impact on the British pound's performance against its major rivals. As of writing, the GBP/USD pair was up 0.3% on a daily basis at 1.1965.

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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