Bank of England Policy Maker Mann Signals Support for Further Rate Hikes

Bank of England policy maker Catherine Mann signaled she’s likely to support further interest-rate increases to combat inflation, warning that investors are pricing in an ever larger premium into UK assets to account for future price shocks.

Mann — who is the most hawkish member of the nine Monetary Policy Committee — called for officials to “err on the side of tightening further in order to prevent the risks of further inflation persistence from crystallizing.”