BoE’s Mann: Next step in bank rate is that it is more likely to be another hike

Dhwani Mehta FXStreet

Bank of England (BoE) policymaker Catherine Mann said in a scheduled appearance on Monday that in my view the next step in the bank rate is that it is more likely to be another hike.

Further comments

“I see material upside risk to the inflation outlook.”

“I seek significant and sustained deceleration in the CPI.”

“Looking for a significant and sustained deceleration in higher frequency price increases.”

“Consequences of under tightening far outweigh the alternative.”

“We need to stay the course.”

On pausing rate hikes, Mann - says “looks too much like fine-tuning to be good monetary policy.”

Market reaction

GBP/USD is holding the latest upside near 1.2060 on the above comments. The pair is up 0.08% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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