BoE's Mann: Bank rate has further to rise

Catherine Mann

Interest rates are likely to increase again next month, according to a member of the Bank of England’s rate-setting Monetary Policy Committee.

Catherine Mann, who has consistently voted for rate rises on the MPC, told The Times: "We need to stay the course, and in my view the next step in Bank rate is still more likely to be another hike than a cut or hold". Industry expects tightening cycle to end soon following Bank of England hike She said a further rate increase was likely because inflation looks set to stay higher, according to business and household data, than the Bank currently expects. Last week, the Bank of England raised rates for the tenth consecutive time, increasing the base rate by another 0.5 percentage poi...