BoE's Mann: High Inflation Embedded in UK Economy
Bank of England policymaker Catherine Mann stated that inflation above the 2% target appears to have become embedded in the British economy. She expressed particular concern that inflation is set to hit 4% around the turn of the year.
Bank of England policymaker Catherine Mann said on Tuesday that inflation above the BoE's 2% target appears to have become embedded in the UK economy. Mann also said she is particularly concerned that inflation looks set to reach 4% around the turn of the year, the most common period for e…