- Analytics
- News and Tools
- Market News
- BoE’s Mann: Voted for a smaller hike because of falling inflation expectations
BoE’s Mann: Voted for a smaller hike because of falling inflation expectations
Bank Of England’s (BoE) Monetary Policy Committee member Catherine Mann said on Friday, that she voted at this week’s meeting for a 25 basis point rate hike instead of a bigger increase, motivated in part by the fact that inflation expectations began to moderate, reflecting that monetary policy is having an effect.
According to Mann, the decision on interest rates is based on financial conditions. She argued that there is more to come before tight conditions in the United Kingdom. She added that February’s retail sales numbers are pretty robust.
On Thursday, the BoE raised its key interest rate by 25 basis points to 4.25%. The Monetary Policy Committee voted 7-2 for the decision. Two members (Swati Dhingra and Silvana Tenreyro) voted against it, preferring to maintain the rate at 4%.
Market reaction
GBP/USD is falling on Friday, trading around 1.2250, after hitting earlier levels below 1.2200.
BoE’s Mann: Inflation expectations are very important to the outlook
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
