BoE's Mann opted for 25 bps hike due to lower inflation expectations - Breaking The News
Download our appPlay StoreApp Store

BoE's Mann opted for 25 bps hike due to lower inflation expectations

EPA/ROLEX DELA PENA

Bank of England Monetary Policy Committee member Catherine Mann stated on Friday that subsiding inflation expectations were what "partially" drove her to vote for a quarter of a percentage point interest rate increase at the central bank's latest meeting.

The fall in these figures led her to believe that the effect of BoE's monetary policy is finally showing, Mann said during a panel discussion organized by the University of South Florida. Nonetheless, she stressed that there is more to come when it comes to policy tightening.

Previously, the Bank of England announced that it will raise its key interest rate by 25 basis points, projecting that there will be a significant fall in the rate of inflation during the second trimester of 2023.

Related News
Turkey's Karahan: Tight monetary policy stance to stay
Central Bank of the Republic of Turkey (CBRT) Governor Fatih Karahan told Anadolu in an interview that the bank would maintain its tight monetary policy stance "and continue to bring inflation down in line with our year-end targets.""We will do whatever it takes to achieve our year-end inflation target of 24%," Karahan said. Turkey's annual inflation came in at 39.05% in February, down from January's 42.12%. The central bank trimmed its key rate from 45% to...
US inflation down from 3% to 2.8% in February
The annual inflation rate in the United States came in at 2.8% in February, slightly down from the previous month's 3% and market expectations, the Department of Labor Statistics revealed in its report published on Wednesday. Compared to January, the Consumer Price Index (CPI) increased by 0.2%.The energy index declined by 0.2% on an annual level while growing by 0.2% on a monthly one. On the other hand, the food one went up on both bases, 2.6%...
ECB's Rehn: US tariffs could cut global output
Member of the European Central Bank (ECB) Governing Council and Bank of Finland Governor Olli Rehn warned on Tuesday that the tariffs United States President Donald Trump imposed on Canada, China, and Mexico, and could do so on other countries and territories could reduce the global economic output by more than 0.5% in 2025 and 2026.Speaking at a press conference, Rehn urged the Eurozone to find a joint solution to "effectively enhance our common...
NY Fed: Short-term inflation expectations up to 3.1%
The Federal Reserve Bank of New York shared on Monday in its February 2025 Survey of Consumer Expectations that while inflation expectations for the one-year-ahead horizon rose 0.1 percentage point to 3.1%, the three- and five-year-ahead inflation expectations remained unchanged at 3%.When it comes to the median household spending growth, the NY Fed said that expectations increased by 0.6 percentage points in February, reaching 5%. "Perceptions...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.