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In May "can look at whether an additional 25bp or more might be necessary"

BOE
  • Mann asked: Do you think more than 25bp is needed in May and do you agree with the market's multiple pricing?
  • Mann: We are in the middle of the forecast round now. We have data, models and judgment and these are all important inputs to this process. We are still seeing how these issues are unfolding in these forecasts. The type of balancing in demand conditions and how this is a signal to firms to evaluate their sales and prices. Based on that can look at whether an additional 25bp or more might be necessary to keep inflation anchored. The market has its own expectations and have their own judgment on what the path should be. We still have more information before making any final decisions.
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