BoE rate setter Catherine Mann: Markets are pricing in 'too many' cuts

Voted to hold in March

clock • 1 min read

Bank of England Monetary Policy Committee member Catherine Mann said markets are pricing in “too many” rate cuts for the current year.

In an interview with Bloomberg, Mann discussed the rationale behind her decision to hold rates at the current level of 5.25% in the March MPC meeting. Bank of England holds rates at 5.25% as MPC consensus grows She expressed concern about financial markets easing "too much" in anticipation of rate cuts, stating that this was her primary reason for voting to hike rates in the February meeting. "I think that markets are a bit too complacent about how long they think the Bank of England will hold rates," she said. Bank of England's Andrew Bailey: Rate cuts are 'in play' for MPC mee...

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