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Bank of England's Mann Advocates Holding Rates Steady to Ensure Inflation Expectations Remain Anchored

Bank of England's Mann Advocates Holding Rates Steady to Ensure Inflation Expectations Remain Anchored

新浪财经新浪财经2026/02/19 14:44
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By:新浪财经

Bank of England policymaker Catherine Mann stated that although she is concerned about rising unemployment, she is prepared to keep interest rates at their current level for a longer period in order to ensure that inflation expectations are kept in check.

After a report this week showed UK inflation dropping to 3%, Mann said in an interview with Central Bank Central podcast: "We must bring inflation down to 2%. If that means I need to hold steady for longer in order to keep inflation expectations at 2%, then I have to do so."

Following Chief Economist Huw Pill’s comments last week that rates are "slightly on the low side" but ruling out a possible hike, Mann has become the second Monetary Policy Committee member to hint at keeping rates steady at 3.75% at next month's meeting.

In the podcast, she described the labor market as "weak" and said the latest data showing the unemployment rate rising to 5.2%, up from 4.7% six months ago, is "very concerning."

Editor: Guo Mingyu

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