Bank of England (BoE) policymaker Catherine Mann said on Wednesday that “higher for longer inflation risk is playing out.”
Key takeaways
We have to balance inflation and activity.
Put more weight on inflation persisting.
Rates on hold are appropriate for the current period.
There is drift in inflation expectations.
Above inflation threshold for a very long time.
Supply side of the economy continues to be in trouble.
Tariff landscape continues to shift.
Market reaction
GBP/USD was last seen trading 0.13% higher on the day at 1.3463.
