Bank of England's Mann Signals Extended Interest Rate Hold Amid Inflation Concerns

Bank of England policymaker Catherine Mann has indicated her readiness to maintain interest rates at their current level for an extended period to manage inflation expectations. Bloomberg posted on X that Mann's stance comes despite her concerns about increasing unemployment rates. Mann emphasized the importance of controlling inflation to stabilize the economy, suggesting that a prolonged hold on interest rates might be necessary to achieve this goal. Her comments reflect the central bank's cautious approach in balancing economic growth with inflation control.