Bank of England's Mann: High inflation embedded in Britain
Bank of England policymaker Catherine Mann stated that inflation running above the BoE's 2% target appears to have become embedded in the British economy. She warned that this trend risks becoming further entrenched in wage negotiations early next year.
Inflation running above the Bank of England's 2% target appears to have become embedded in the British economy, and it risks becoming further entrenched in wage negotiations early next year, Bank of England policymaker Catherine Mann said on Tuesday. Mann said last week that the BoE had erred in March, just after th...