- Analytics
- News and Tools
- Market News
- BoE Mann favours keeping rates on hold
BoE Mann favours keeping rates on hold
Bank of England policymaker Catherine Mann argued that the central bank should maintain interest rates at their current level until the upside risks to inflation, including those stemming from the election of Donald Trump as the next US president, subside.
Key Quotes
I expect elevated volatility in macroeconomic variables over the coming years.
Activist policy means holding the bank rate firmly until sufficient evidence of diminished inflation persistence appears, then can move forcefully.
I see a need for an activist policy approach rather than a gradualist one.
U.S. political developments have not made a disorderly trade scenario less likely, with consequences for the UK.
Asked about the U.S. election, she says we are looking at more volatility and an upward bias to inflation from trade and financial market fragmentation.
Central banks must ensure these inflation pressures do not get embedded.
I do not think high interest rates are bad for high productivity.
High term premia in bond yields due to high inflation are more damaging to investment than central bank rate.
© 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
