✉news BusinessBanking first seen 13 h ago, last 10 h ago, peak #26

Bank of England's Mann warns UK inflation now embedded

Original: Bank of England's Mann says high inflation has become embedded in UK

Catherine Mann, a member of the Bank of England's Monetary Policy Committee, said high inflation has become embedded in the UK economy. The remarks carry weight because Mann has been one of the committee's more hawkish voices, and they suggest a durable, wage- and price-driven inflation problem rather than a temporary shock — raising expectations that interest rates may stay higher for longer.

Why now: Markets and households are watching for clues on how long the Bank will keep interest rates elevated.

Bank of EnglandCatherine MannUnited Kingdom

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• Bank of England's Mann says high inflation has become embedded in UK · Yahoo Finance

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