Catherine Mann, Bank of England policymaker, plans to cut UK interest rates drastically once inflation is under control.

Catherine Mann, a Bank of England policymaker, plans to drastically cut interest rates once UK inflation is under control. Despite the MPC lowering rates twice this year to 4.75%, Mann has been cautious, concerned about entrenched inflation risks. She aims to act decisively when inflation moderates, contrasting with Governor Andrew Bailey's preference for a more gradual approach to rate cuts.

November 13, 2024
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