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Mann still sees next move likely to be another hike

BOE
  • "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."
  • "I am looking for a significant and sustained deceleration in higher frequency price increases and in the underlying inflation measures and expectations towards inflation rates that are consistent with achieving the 2% target. Uncertainty around turning points should not motivate a wait-and-see approach, as the consequences of under tightening far outweigh, in my opinion, the alternative."
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