Mann argued the BoE needs to anchor inflation expectations, which were likely to drive higher wage demands
A senior Bank of England policymaker has warned that Britain’s central bank could raise rates again next month to combat the risk of high inflation persisting into 2023.
Catherine Mann, a former Citigroup economist who joined the BoE’s nine-strong monetary policy committee (MPC) last year, said on Thursday that soaring prices of energy and food will persist next year, even if consumer demand weakens.
