BOE's Mann Backs Rate Rise to Tame Inflation
Bank of England rate setter Catherine L. Mann stated Thursday that recent bond yield increases are insufficient to curb inflation, suggesting a need for further rate hikes. The BOE currently holds its key interest rate at 3.75%, with market expectations for a rise to 4% in November.
Bank of England rate setter Catherine L. K. economy enough to tame inflation. 75% last month, while investors expect it to rise to 4% in November.