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


Share:

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.

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content

Editors’ Picks

EUR/USD hovers above 1.0750 amid cautious markets

EUR/USD hovers above 1.0750 amid cautious markets

EUR/USD is trading sideways above 1.0750 in European trading on Monday. The pair defends bids amid a cautious mood and sluggish US bond yields. The US Dollar is struggling for upside traction, as traders refrain from placing fresh bets ahead of Tuesday's US inflation data. 

EUR/USD News

GBP/USD treads water near 1.2550, as focus shifts to key UK/US data

GBP/USD treads water near 1.2550, as focus shifts to key UK/US data

 GBP/USD is holding steady near 1.2550, lacking a clear directional bias in European morning on Monday. The pair is struggling amid investors' caution ahead of key economic data and central banks' meetings from the US and the UK this week. 

GBP/USD News

Gold price struggles near two-week low amid modest USD strength, reduced Fed rate cut bets

Gold price struggles near two-week low amid modest USD strength, reduced Fed rate cut bets

Gold price remains under some selling pressure for the second successive day on Monday. Reduced bets for a March Fed rate cut move and a modest USD uptick weigh on the metal.

Gold News

Bitcoin braces for volatility-filled week with November CPI data release, Fed decision

Bitcoin braces for volatility-filled week with November CPI data release, Fed decision

Bitcoin is likely to experience heightened volatility this week with the upcoming release of November CPI data. BTC price suffered a correction of nearly 4% in the past 24 hours, ahead of the key macroeconomic events scheduled for the week.

Read more

Central stage: The big three central banks in focus

Central stage: The big three central banks in focus

As we approach the end of the year, this week holds particular significance for macro observers. The three major central banks, often referred to as the "Big 3" – the Federal Reserve, the European Central Bank (ECB), and the Bank of England (BoE) – are all scheduled to convene.

Read more

Forex MAJORS

Cryptocurrencies

Signatures