Free Trial

BOE: Mann: Need to see evidence that she's right to vote to cut 50bp again

BOE

More from Mann on whether 50bp cut next time: "I need to see evidence. I need to see that I'm right with regard to wage settlements being moderate and pricing power being being you know that for that firms have less pricing power. I need to see evidence I am making a judgment based on labor market data, based on that really detailed data on the CPI elements, I'm making a judgment that I will see moderation in wage developments, that I will see moderation in pricing power, more broadly throughout the economy. We need to see evidence that I'm right on that,"

103 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

More from Mann on whether 50bp cut next time: "I need to see evidence. I need to see that I'm right with regard to wage settlements being moderate and pricing power being being you know that for that firms have less pricing power. I need to see evidence I am making a judgment based on labor market data, based on that really detailed data on the CPI elements, I'm making a judgment that I will see moderation in wage developments, that I will see moderation in pricing power, more broadly throughout the economy. We need to see evidence that I'm right on that,"